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Holly LaFon
Holly LaFon
Articles (10137)  | Author's Website |

Bernard Horn Comments on Methanex Corp

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July 18, 2019 | About:
Canada’s Methanex Corp. (NASDAQ:MEOH) was the only detractor of note in the materials sector. Industry-wide methanol prices were weak, dropping 15% YOY. The company also faced a proxy fight with one of its largest investors who was opposed to a large expansion project and demanded a board shakeup. We disagree with this shareholder’s approach to constrain management’s ability to allocate capital to projects likely to add value over the long term.

From Bernard Horn (Trades, Portfolio)'s second-quarter 2019 Polaris Global Value Fund shareholder letter.

About the author:

Holly LaFon
I'm a financial journalist with a Master of Science in journalism from Medill at Northwestern University.

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