Message: Re: LITHIUM: Morgan Stanley vs. Morningstar Smackdown - who do you believe?
Oct 13, 2022 10:12PM
Morgan Stanley has a history of playing both sides against the middle:
https://www.bnnbloomberg.ca/morgan-stanley-flags-ev-demand-destruction-as-lithium-soars-1.1742768
Morgan Stanley Flags EV Demand Destruction as Lithium Soars
From the same article: "Despite the rising prices, Morgan Stanley is overweight on Tesla Inc"
I prefer the analytical opinion of Morningstar in the article linked by you, ITRR, whereby Morningstar views this as an opportunity to invest in LAC.
I think that MS may just be trying to justify their own action back earlier this year when they became the LAC institutional investor with the largest bail out from LAC this year:
"Which Lithium Americas major shareholders have been selling company stock?
Of the 79 institutional investors that sold Lithium Americas stock in the last 24 months, the following investors and hedge funds have sold the highest volume of shares: Morgan Stanley ($2.12M), Invesco Ltd. ($1.95M), Renaissance Technologies LLC ($1.78M), Van ECK Associates Corp ($0.87M), Discovery Value Fund ($0.85M), Citigroup Inc. ($0.83M), and Formidable Asset Management LLC ($0.82M)."
Market Beat goes on to say that:
"What percentage of Lithium Americas stock is owned by institutional investors?
23.73% of Lithium Americas stock is owned by institutional investors.
and....
How much institutional buying is happening at Lithium Americas?
Institutional investors have bought a total of 41,170,505 shares in the last 24 months. This purchase volume represents approximately $981.27M in transactions."
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Oct 14, 2022 11:25AM
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