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Strategies & Market Trends : Value Investing

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To: Elroy who wrote (62235)11/18/2019 12:21:00 PM
From: E_K_S  Read Replies (2) of 78425
 
Added 10% to my UAN position at $2.71/share. This is at a multi year low reflecting weak fertilizer prices. Company seems like they always have Capx spending upgrading facilities (which show as one time charges) that result in losses.

Long term am positive on the company w/ recent merger (2 years ago) so they now have diversified production using two different types of inputs. They sell a commodity and as a result low UAN prices limit profits. Industry/Sector s/d turn around w/ Spring planting season.

EKS
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