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Non-Tech : Is Terra Nitrogen Co. L.P. a good buy? (TNH)
TNH 83.960.0%Apr 2 5:00 PM EST

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To: jhild who wrote (48)9/26/1997 12:04:00 PM
From: william liao   of 91
 
i bot it and sold it and bot it yesterday again. on sept. 22 tra ceo (terra industries bot tnh in 1994 and owns 64% of tnh now) stated that nitrogen solution sales will be weaker in 3q. the solution price is lower in $110-120 per ton range instead of 120-130 before. but he was bullish about its long term outlook. as the largest n. solution maker in the north america it can benefit from "all the growth in fertilizers which is in the nitrogen solution area." since that is the only crop nutrient that can be used for no-till farming, a growing trend in the US.
if it is lower again, i will buy more. i cannot find any buy with such low pe, high dividend, and high net profit margin. of course it has had two lower qt. earnings but what was why i could buy the stock at this price level.

best wishes to all

william

william
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