Adesai

Cutting Intrepid Potash on Quick 25% Gain

Man i just bought another 800 shares at 65.....alreadly adding to my core position. There is no sign that this company is slowing down.

TraderMark, you were right this is the HOTTST IPO for 2008 and the market cap will likely reach 20Bill in 3-4 years. Man i am sooo pumped up right now.

Cutting Intrepid Potash on Quick 25% Gain

i read the post on yahoo fiance blogg. Its a good post kind of far fetched though. I am a bit conservative and say it will likely hit 90-100 by end of the year.

Cutting Intrepid Potash on Quick 25% Gain

Fear,

What is this onespacetravler blog you are talking about. Can you post a link. I thought that IPI would be trading at 90 by end of the year, i didnt think expectations were as high as $150-200.....

Cutting Intrepid Potash on Quick 25% Gain

I thought POT, MOS and IPI the potash producing companies. I thought AGU, CF, TNH, MON were in the agricultural sector but producing nitrogen or other plant material needed for farming. I didnt know all of them produce potash.

Floridamorgan,

Your completely right.....thank god for the green farming goddess. My portfolio has been good with the 2 stocks i own: Visa and Intrepid potash. These 2 companies are the google of 2008.......yeaahaaaw

Cutting Intrepid Potash on Quick 25% Gain

Hey tradermark,

I agree that potash prices has nothing do with midwest floods.....but i expected it to at least put a slight dampening of the agric market. Hell if cramer can move markets i just thought that a flood would also.

So what is your position. Have you re-entered your position of IPI or are you waiting for a pullback. I see maybe a pullback of about $2-3 possibly, but i dont see this stock price dropping below $60, unless if earnings release doesnt meet expectation of investors. I believe this stock will probably hit around 75 in expectations of earnings report next month.

Cutting Intrepid Potash on Quick 25% Gain

Merchant trader,

I sencond your post. This agricultural sector is scorching HOTTTTT, and there seems to be no signs of it slowing down. Think about it....with all the floods in the midwest has been devastating to the farmers and yet the price of potash keeps rising.

Look for IPI to be at 70+ within 1-2 weeks.

Starting a Position in Intrepid Potash

Fear,

I did not get the last post....."woman"????? anyways i will take it as a compliment. Congrats on the profits.....

Cutting Intrepid Potash on Quick 25% Gain

once the company starts paying dividends the stock price will also go up. While i hear people claim they will buy on dips btw 50-52 i seriously doubt IPI will go down to those levels thats a 15-20% dip. YOu willl be lucky if IPI dips below 55. Look to add more position at prices of 55-56.

Cutting Intrepid Potash on Quick 25% Gain

I like your post trader mark,

I do have to disagree with the part that you are going to take your profits right now. This stock still has another $15-20 until the end of the year. In fact IPI right now may be better than POT and MOS even though they are at similar PE ratio b/c the company have already started mining at the 2 new acquired mines and production to begin in 2009. Additionally even though 80-90% of profits are from potash their other product langbenite price is going up. I have held a core position of about 3500 shares and buying and selling at dips and highs. I will continue to hold this stock for another 4-5 quarters (when all the potash hype goes down).

Let this be a lesson to all those investors who relies on analyst and dont do there own homework. Soleil had a price target of 40.....Goldmann sachs at 55. If you believe in a product you have to be patient and have confindence. Once i read trader marks initial article "you thought visa was hottest IPO" i did my reaserch and homework. Dont rely on professional analyst since some have a hidden vested interest.

Starting a Position in Intrepid Potash

I just look at the estimated earnings for 2009 which is $3.85. times 20 = $77.


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.

Intrepid Potash: Strong Quarter but Questions Remain

I just look at the estimated earnings for 2009 which is $3.85. times 20 = $77.

I too did not get into the IPO price but from your article you mentioned the price would open up at 60. Either way i learned about this company and this IPO from you. I wanted to ThANK YOU.

Starting a Position in Intrepid Potash

I like your reasoning fear,

However POT are trading at similar PE ratio with IPI. POT trailing PE ratio is 40 while there forward PE ratio is around 20.

POT current price of $210 with EPS for 2008 is $10.25 that comes out with a PE ratio of 20.4.

IPI current price of $50 with EPS for 2008 of $2.24 the PE ratio is 22.

So although POT current PE ratio is 40 from last years earnings there forward PE ratio is 22.

SO i expect NEXT YEAR 2009 for IPI to have a TRAILING PE ratio of 40 and forward PE ratio of around 20. So that being said with current estimated EPS of 2.24x40= 89 for next year. But remember for IPI to have a price of 89 then POT has to have a price of 400. I think if the price of potash keeps increasing goes up to above $1500 for the next 2 years than we can see this type of growth. If price of potash levels offs than forward and trailing PE ratio will equal each other.

Look for the price of potash to be at 55 by end of this month and price of 60-65 in several months and by 70 by end of year. that my prediction.

Intrepid Potash: Strong Quarter but Questions Remain

Trader Mark,

I read your posting of "you thought visa was hottest IPO..." and b/c of that post i actually invested alot of $$$$ in this company. I want to ask you a question, if you thought this was a hott company then why havent you invested in this company.

I had the same question as you did.....what % of contract are already agreed upon and at what price. With 70% of contract made in sept 2008 when potash prices were low. Another question is when will they open up the other mines to start making production. I know in the prospective they claimed it will be open this year with production to start by next year.

With the price of potash at around $1000 by end of the year, there is alot of positive things about this company and i see this company going to $55 in next couple of months and about $65-70 by next year if the PE ratio holds up. This is a good investment and a long long term play.

Intrepid Potash IPO: Soaring Shares Signal Fertilizer Bubble?

it will either go up or down depending on earnings report

The Agriculture Bull Keeps Getting Stronger

Although IPI may be up 46% since its IPO. The stock has seen a downturn the last month ever since it came out on the market. Although i would have loved to got onto the IPO price its just not availbale to the public.

Any guess on what analyst price target of IPI is (besides soliel financial) and what there EPS will be on the earnings call on june 2.