Each week I read dozens of transcripts from earnings calls and presentations as part of my investment process. Below are some of the most important quotes about the economy and industry trends from the transcripts that I read this week. Full notes can be found here.
Half the necessary cuts should be cycled through supply chain by mid year
“We believe about half of those tons have cycled through the supply chain and the remainder should be out of the market by mid-year. Australian exporters have been benefiting from the decline in Australian dollar, however it is estimated that a substantial amount of Australian production will be losing money in 2015, which could lead to addition cuts.”
There were only three analysts on the call