Thanks Chris - just signed up for your newsletter. Makes me sad that many good writers are leaving SA - hopefully you have all left for greener pastures.
Sorry to hear you bought in at $46. I guess someone is buying at the top. Probably a good dollar cost average opportunity around $32 a share. No interest in UAN?
While it is true that RNF does use Natural Gas as their feedstock, I don't believe that is what has driven down the price, or you would see a similar type crash for Terra Nitrogen TNH. This is more due to RNF predicting reduced distributions for 2013 due to maintenance outages, and increased earnings from UAN due to not having an outage this year.
Also please correct UAH to UAN in your article at the bottom.
With Lower Expected Earnings For Rentech, CVR Partners Is The Fertilizer Stock You Should Own [View article]
Let me make an additional comment on top of that. Usually when you start to see a price tumble for corn, you look at some food producers, K, GIS, CAG - but they are all close to 52 week highs. MDLZ might be the only potential buy in that sector - very tough to figure in a market that I feel most stocks are a bit overvalued currently.
With Lower Expected Earnings For Rentech, CVR Partners Is The Fertilizer Stock You Should Own [View article]
Burt - you are right, a bit stunning on inventory levels. Where did we "lose" 400 million bushels?
I believe we are safe for 2013, as most fertilizer orders are in - but it does bring up a good question for 2014. RNF can produce more DEF and reduce some supply in that fashion. I'm staying on the sidelines for now, hoping to see a reduction in prices from both of these stocks.
With Lower Expected Earnings For Rentech, CVR Partners Is The Fertilizer Stock You Should Own [View article]
Thanks for the comment Darren. The issue is storage and pipelines for the natural gas currently. That may be more of an issue for pricing in the near term. Pet Coke will be a fixed cost.
Is This Sony's Big Play To Compete In The Smartphone Market? [View article]
I'm bullish about the products - but they need to improve their marketing and advertisement. This phone is a true unknown to the majority of consumers.
Can These Utility Stocks Sustain Their Dividend Yields? [View article]
Where are the numbers for Exelon? You also fail to mention what the expenditures are.
There is currently a lot of government assistance (money) for upgrades to infrastructure. These improvements will pay off big time as the years continue.
With Lower Expected Earnings For Rentech, CVR Partners Is The Fertilizer Stock You Should Own [View article]
Thanks for the additional info. A better price than their 4th quarter average, but not quite what RNF got. I'll see if I can dig up any additional information on UAN sales.
With Lower Expected Earnings For Rentech, CVR Partners Is The Fertilizer Stock You Should Own [View article]
JDHD - thanks for stopping by to read another one of my articles. I like your approach, though I feel like possibly staggering your entry/exit points could be a boost. Another down day or two for RNF, and my argument is void though.
With Lower Expected Earnings For Rentech, CVR Partners Is The Fertilizer Stock You Should Own [View article]
I agree - these are somewhat high beta stocks (especially RNF lately), and investors should have an idea of an exit price and an entry price. A bumper crop of corn could make these stocks fall like Terra Nitrogen did in 2008 and 2010.
With Lower Expected Earnings For Rentech, CVR Partners Is The Fertilizer Stock You Should Own [View article]
I'm a little concerned about the 400 million bushels of corn that were "found", but I believe fertilizer will still be quite strong.
Bear Of The Day: Rentech Nitrogen [View article]
Bear Of The Day: Rentech Nitrogen [View article]
Bear Of The Day: Rentech Nitrogen [View article]
Bear Of The Day: Rentech Nitrogen [View article]
Bear Of The Day: Rentech Nitrogen [View article]
Also please correct UAH to UAN in your article at the bottom.
With Lower Expected Earnings For Rentech, CVR Partners Is The Fertilizer Stock You Should Own [View article]
With Lower Expected Earnings For Rentech, CVR Partners Is The Fertilizer Stock You Should Own [View article]
I believe we are safe for 2013, as most fertilizer orders are in - but it does bring up a good question for 2014. RNF can produce more DEF and reduce some supply in that fashion. I'm staying on the sidelines for now, hoping to see a reduction in prices from both of these stocks.
With Lower Expected Earnings For Rentech, CVR Partners Is The Fertilizer Stock You Should Own [View article]
Is This Sony's Big Play To Compete In The Smartphone Market? [View article]
Can These Utility Stocks Sustain Their Dividend Yields? [View article]
They went from $2.10 per year to $1.24. I would have loved this article to talk more about why EXC had to cut their dividend.
Can These Utility Stocks Sustain Their Dividend Yields? [View article]
There is currently a lot of government assistance (money) for upgrades to infrastructure. These improvements will pay off big time as the years continue.
With Lower Expected Earnings For Rentech, CVR Partners Is The Fertilizer Stock You Should Own [View article]
With Lower Expected Earnings For Rentech, CVR Partners Is The Fertilizer Stock You Should Own [View article]
With Lower Expected Earnings For Rentech, CVR Partners Is The Fertilizer Stock You Should Own [View article]