Intrepid Potash prices IPO at $32.00 per share

April 22, 2008: 02:12 AM EST

http://www.reuters.com/article/coMktNews/i...20080422?rpc=11

+58% al primo giorno

intrepid Potash makes IPO hay
First debut since Visa Inc. sprouts green
By Steve Gelsi, MarketWatch
Last update: 4:14 p.m. EDT April 22, 2008
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NEW YORK (MarketWatch) -- Intrepid Potash Inc.'s initial public offering jumped nearly 60% in its stock debut on Tuesday as the largest U.S.-based producer of potash to grow corn, wheat, soybeans, potatoes and hay tapped into bullish investment sentiment surrounding the agriculture sector.

...

DENVER--(BUSINESS WIRE)--Intrepid Potash, Inc. (NYSE:IPI - News) today announced second quarter 2008 results with pro forma net income of $32.4 million up from $4.0 million for the second quarter 2007.

Highlights for the Second Quarter:

* Average net sales price for potash this quarter was $425 per short ton ($469 per metric tonne) compared to $182 per short ton ($201 per metric tonne) in the period a year ago.
* Average net sales price for langbeinite this quarter was $188 per short ton ($207 per metric tonne) compared to $109 per short ton ($120 per metric tonne) in the second quarter 2007.
* Potash production in the quarter was 210,000 short tons (190,000 metric tonnes), which was the same as the second quarter 2007.
* Langbeinite production in the second quarter of 2008 was 58,000 short tons (53,000 metric tonnes), a 41 percent increase over the 41,000 short tons (37,000 metric tonnes) produced in the second quarter last year.
* Gross margins in the second quarter for potash were $262 per short ton or 62 percent compared to 29 percent in the three months ended June 30, 2007. Gross margins for langbeinite were $81 per short ton or 43 percent up from 6 percent in the same period last year.
* Pro forma net income per diluted share was $0.43 per share in the second quarter and $0.69 per diluted share for the first half of 2008 compared to $0.05 and $0.10 for the same periods in 2007.
* Earning before interest, taxes, depreciation and amortization (EBITDA) was 572 percent higher in the second quarter of 2008 at $55.1 million compared to $8.2 million last year.
* Capital projects are on schedule with $13 million invested this quarter.

Le volevo prendere oggi visto che sono sotto la soglia dei 50$





Pre market 44$

Il settore dopo un bel storno puo' diventare di nuovo hot


Ciao

Non riguarda direttamente IPI ma diciamo che ha che fare con questa.

Like every other commodity company, shares of Potash Corp. of Saskatchewan (POT) have been clobbered in recent weeks amid concerns about a global growth slowdown. They're down 25% from the record levels reached in June.

Brian Yu, an analyst at Citigroup Global Markets, thinks that global growth concerns do not apply as strongly to fertilizer as they do to metals or oil and gas. Put another way, the sell-off on Potash Corp. is overdone, he wrote.

"The market has failed to recognize that demand for grains rarely cycle... and has shown little historical correlation with economic activity. The last time we checked, fertilizers and grains are not industrial metals," he wrote in a note to clients.

Mr. Yu added Potash Corp. to his selection of top picks, with a target price of $264.00 (C$280.26). He noted that North American potash producer inventories fell 10% in July, and that demand remains strong in nitrogen and phosphate markets as well.

He sees three potential catalysts for a rise in Potash Corp.'s stock price: leverage to rising ammonia/nitrogen prices, a favourable potash contract settlement with China in the fall or winter, and the likelihood that the company's earnings will outperform analyst estimates in 2009.

Forse giovedì 4/9 IPI era scesa a livelli troppo bassi , $36,81 in chiusura. Venerdì un rimbalzo del 5,38% a $38,79.

Potash Shares Fell Too Far, Morgan Stanley Says
Sept. 5 (Bloomberg) -- A meltdown in fertilizer stocks such as Potash Corp. of Saskatchewan Inc., the world's largest producer of the crop nutrient, has gone too far, says Morgan Stanley & Co. analyst Vincent Andrews.

``A global economic slowdown is unlikely to affect fertilizer demand,'' Andrews said yesterday in a note to clients. ``The industry will remain extremely cash generative at fertilizer prices anywhere near current levels.''

The CHART OF THE DAY compares Potash's decline in New York Stock Exchange composite trading since its June 17 closing high with analysts' average estimates for the company's earnings per share in the next four quarters.

The chart shows Andrews isn't alone among analysts convinced Saskatoon, Saskatchewan-based Potash and peers will continue to benefit from record fertilizer prices. Of 17 analysts surveyed by Bloomberg, 12 recommend buying Potash shares, and the remainder say to hold the stock.

Demand and prices for potash, phosphates and nitrogen-based fertilizers have gained as farmers sought to exploit record prices for corn, wheat, soybeans and rice and replenish global food inventories. Demand for crop nutrients also has risen because of increased production of ethanol and other renewable fuels made from crops.

Andrews initiated coverage of fertilizer stocks yesterday and rates Potash, Mosaic Co. and Agrium Inc. ``overweight.'' CF Industries Inc. and Intrepid Potash Inc. were rated ``equal- weight.''


http://www.bloomberg.com/apps/news?pid=con...id=aPJXqGNmim9I

IPI nell'elenco non c'è, ma è come se ci fosse

http://www.cnbc.com/id/27520629/?__source=...|&par=yahoo

http://finance.yahoo.com/news/Q3-Data-Will...e-13417243.html


roba canadese : Athabasca Potash, API, scambia sul TSX, very small

ha aperto l'anno col botto, domani su 1.3 ce faccio un pensiero