Intrepid Potash (IPI)

IPI is an American play, only specialty potash in America (types needed for fruits and vegetables). Also, local supplier implies lower shipping costs implies greater local sales

Sector performing...

SHI Beaten down too hard

This company has no debt. It sells a necessary commodity for a world population that is growing. It has high insider ownership. The price is depressed. The management is adept with its treatment of cash flow.

Largest fertilizer maker in America.

Crop prices will rise and potash will be needed regardless of prices. Demand will rise with planting in the next few months.

underdog rules

Their IPO was near the peak of the AG bubble but they are still a pretty solid company putting up good numbers in a bad climate.

INTERNATIONAL

CHINA

COMMODITIES

PLAY

Its US market has advantages--less freight expense, closer customer base. Some rocky management, changing lower expected potash output (Q4 2008).

I think that the commodities bull is still intact. However, even if I didn't, I'd the zero debt and huge cash position. Profits are rapidly growing for this potash pure play.

Potash has a great story but it is limited by crop prices which will fall

Another chem/fertizer play on the rebound in AG sector

I've been short on this and covered during the big drop yesterday 10/16/08. Even I am shocked at how far down this went. I understand all the factors, including the general economy, but I honestly can't envision this going lower with any substance. Waiting for confirmation to go long, which I'd consider a solid break above 20. I expect to see this early next week given the absence of economic reports, so we'll only be seeing various company earnings for a couple of days, which will hopefully be positive.

I'm with Buffet that once people start calling a recession, it's already over or almost over. That has been shown to be historically true in articles earlier this year about past recessions. LIBOR slowly but surely decreasing, which although some complain, that's probably the best way for it to go.

Long run I'm bullish on fertilizer.

sold some shares on 9-15-08

IPO; commodity product

Battling at its all time low I think this stock looks to make a move in the positive direction. Election could have profound results on sectors such as this.

One of the best mining mineral stocks. Hugely undervalued at this price. And no need to import fertilizer this company lives here. Just off it's 52 week low this stock will go up.

When is the time to buy?....hmmm. Oh, that's right, when the stock price is low.

Or you can wait till the earnings report comes out. By then you could have a chance to buy high. Note the sarcasm here?