Https://www.creativehives.co/california-chemical-tank-explosion-garden-grove/
TL;DR: British aerospace company is cooking a 7,000 gallon pressure bomb next to Disneyland. Stock is somehow green. Short the ADR or load up on CFDs if you have European access.
While everyone is distracted by interest rates and the defense sector rotation, British aerospace conglomerate Melrose Industries (LSE: $MRO, OTC: $MLSNY) is currently experiencing a catastrophic thermal runaway event at their GKN Aerospace facility in Garden Grove, CA.
They have 7,000 gallons of methyl methacrylate boiling in a tank right now. If you don't know what that is, it's the highly volatile precursor to the commercial plastics and resins used to engineer functional mechanical parts.
It's currently building enough internal pressure to level a city block. If this tank fails, they are going to experience a rapid unplanned disassembly that makes a catastrophic off world launch failure look like child's play, exactly the kind where you accidentally bind to the RPM limit instead of the torque limit and rip your mining rig apart. It is called a BLEVE (Boiling Liquid Expanding Vapor Explosion).
The Orange County Fire Authority is literally flying nighttime recon missions in full hazmat gear. 50,000 people have already been evacuated. Disneyland is 5 miles away and sweating bullets.
And what is the stock doing? It is UP 2.6%. 🤡
The boomers in London are completely asleep at the wheel, pricing this massive conglomerate purely on their Q1 defense and engine sales. The market absolutely refuses to price in the impending EPA fines, the structural vaporization of the facility, the class action lawsuits from half of Orange County, and the inevitable supply chain bottleneck they are about to cause for Boeing and Airbus.
Obligatory: This is not financial advice. I eat crayons and am currently plotting how to maximize my wife’s boyfriend’s capital losses for the next decade.