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Investment venture success has been determined by legitimacy as much as by profitability, given durable expectations about the evaluation and monitoring of investments.
If so, the expected recovery in cement prices and profitability may not prove as durable as the material itself.
We find it useful to distinguish between durable first-mover advantages, which improve a firm's market share or profitability over a long period, and those that are short-lived.
Many of these companies have a durable competitive advantage in their respective industries, long histories of consistent and high profitability, low levels of debt and trade at attractive prices that could offer a very nice long-term return.
It remains to be seen how significant or durable these advantages are, but they should at least allow LTHM to maintain superior profitability compared to other lithium producers for the foreseeable future.
Extremely durable.
Very durable.
And durable?
Durable, yes.
Meanwhile profitability has plummeted.
Profitability is an afterthought.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com