Jun. 8 at 7:42 PM
$FMC the market and institutional investors all realize that FMC should trade at a distressed business level.
$4- 10 is the proper level until they prove they can have improved EBITDA, pay the huge debt and produce FCF. The market does not believe the turnaround story anymore. Too much ‘we believe we will’ rather than ‘we achieved’ storytelling from the CEO.