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I just look at the estimated earnings for 2009 which is $3.85. times 20 = $77.
Jun 06 09:05 am
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All Comments by Adesai »Starting a Position in Intrepid Potash [View article]
Trader Mark,
I too did not get into the IPO price but from your article you mentioned the price would open up at 60, which is why i was excited about this stock. I bought several thousand shares (3500 to be exact) at a price range of $45-51 on the first and second day it came out probably and average of $48. Either way i learned about this company and this IPO from you. I wanted to ThANK YOU. I enjoy your articles and hope to see you posting on SA more now that you hold a position in IPI. One advise, i dont think that the price of IPI will go down less than $48 now. I think we will consistently see a price of $50+. But i can be wrong. Good luck to you.