Opinions
Jason Mann
Lithium Americas
LAC-N
SHORT
Sep 01, 2022
Lots of hype on lithium. Auto industry needs a ton. Challenge is many companies aren't profitable yet, and the valuations are very expensive due to hype. He's slightly short the stock. Positive trend, but expensive valuation and very volatile. No cashflow.
$26.925
Stock price when the opinion was issued
Mining
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A good company, but like MP Materials it isn't innovative enough for me. He wants innovation.
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With shares at $35-40, in options action they're buying upside calls at the 45 strike in April. He doesn't know if it gets that far that fast, but he likes the upside speculation. He bought the 35s and will sell upside calls against it. He strongly believes in lithium and nickel. He likes LAC a lot.
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