Bob Robotti, founder of Robotti Advisors, discusses his thesis on Westlake (WLK) and why he thinks we’re seeing the beginning of the revenge of the old economy stocks. You can find my tweet thread on WLK here.
Are cyclicals the place to be given a slowing global economy that could turn into a recession?
My second largest position is chemicals company (not WLK). They have insane earnings leverage to higher prices, which have been firming in their specialty niche, but that could evaporate or reverse if the economy goes south.
I'd love to hear what you guys think; I'd also observe, Andrew, that Bob's background puts you to shame!
Are cyclicals the place to be given a slowing global economy that could turn into a recession?
My second largest position is chemicals company (not WLK). They have insane earnings leverage to higher prices, which have been firming in their specialty niche, but that could evaporate or reverse if the economy goes south.
I'd love to hear what you guys think; I'd also observe, Andrew, that Bob's background puts you to shame!
Cheers, Michael