May 3, 2022 1:24:48 PM / by Cooley May posted in Chemicals, Westlake, nitrogen, Covestro, materials, commodity chemicals, Agriculture, fuels, Building Products, corporate guidance, crops, Nutrien, fertilizers
We reflect back on our BASF comments of last week and see Covestro falling into the same trap, by underestimating the potential slowdown in discretionary spending in Europe (and the US) and consequently putting too much hope into revised guidance. At the same time, we are not sure what would be gained by painting a picture of doom and gloom, but we would hedge much more overtly if we were offering guidance around the business outlook today.
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