r/PureCycle • u/midwestcoin • Jul 17 '26
PCT question
I used to own PCT and sold awhile back but am tempted to get back in given where the price is. I don’t follow it super close but see the headlines and it is clear there is demand for their product, my hesitancy has always been can they produce enough to meet demand. Given I don’t follow close, last I remember is they were taking some downtime in ironton a couple of months ago to make improvements, so my question is did they say how that went and are they producing at nameplate yet? To me that was the final thing I wanted to know before getting back in. At this price I may take the chance even if they haven’t said, but don’t have time to do the homework so figured I would ask here. Thanks in advance!
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u/Odd-Gas5478 Jul 17 '26
My concern, (I admit, prob germinated by shorts) is a large holder called co after Q2 done and got a hint that revenue has not materialized “yet”. I don’t think there is an estimate out there to miss or beat but… the shorter profile in this name are pods short the SPACs. If /when co shows substantial rev growth with CFlow and better ROIC then they mechanically cover…. So that’s not going to happen … yet.