Fear

Cutting Intrepid Potash on Quick 25% Gain

If you check the forward P/E it shows 16 and to think you sold mark? If you check the bloggers on IPI onespacetraveler states his case as the following. IPI reported 1st quarter as a blow away quarter and they quintupled sales and sold more potash than had been expected to sell for the entire year of 2008. Now the break even point for IPI is 149. per there conference call. IPI received it's first quarter sales from Sept to Dec of 2007 which averaged approx 200 dollars pnt. That is a 55 dollar net. Now Potash is being delivered by IPI for approx 640 pnt. 640 - 145 = 495 dollar net compared to there blow out first quarter of 55 dollars net. And you can see why onespacetraveler has stated on his blogs for IPI the end of year could IPI be selling for 150 to 200 per share?