Bullish post on TETRA Technologies citing lithium/bromine expansion, magnesium JV, and strong margins.
Unpriced research observations (excluded from Calls and Returns):
TTI — LONG The author argues TETRA Technologies is diversifying into specialty chemicals (lithium and bromine) and water treatment/desalination, which are expected to drive two-thirds of revenues by 2030. They also claim TETRA will soon be America's only magnesium provider for rare earths via a new joint venture to supply the US government, pending announcements. The author cites mineral rights to ~40,000 acres of bromine and lithium brine leases in Southwest Arkansas plus project wins in Argentina and Saudi Arabia as competitive advantages, and notes recent net profit margins of 19.7%. The stated catalyst is imminent announcements, though no specific risk is given. resolved_asset_type_mismatch
TETRA is diversifying big-time into specialty chemicals (lithium and bromine) and water treatment/desalination, which are expected to drive revenues for two-thirds of their business by 2030.