Jan. 11 at 3:42 PM
$PCT Are there any other PureCycle bears here? If so, any thoughts on a trigger which would make PureCycle collapse?
PureCycle definitely has a product but I'm certain it takes more resources to make than it's worth. My thought is that the company can make sales at a steep loss for years, all in the name of sustainability. Investors keep footing the bill while Sylebra and Samlyn appear to keep throwing their good clients' money after bad into PureCycle rather than taking a step back.
I was watching another company called
$LOOP which also chemically broke down plastic for years before it finally tumbled. I can't point to any specific reason why it finally tumbled around 2022. Likewise, PureCycle might not collapse any time soon either, but maybe there's some angle which would point to a sooner drop.
