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Strategies & Market Trends : Value Investing
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To: Madharry who wrote (66565)2/18/2021 1:53:08 PM
From: E_K_S  Read Replies (2) of 78817
 
UAN is a MLP structure so you will need to deal w/ K1's, cost basis adjustments FIFO and all the rest when you Sell. It can get complicated if you hold shares for many years. In that mess is a 10-1 reverse split so your K1 data must reconcile w/ that.

FWIW, I have other fertilizer/commodity plays that have done well but are trading outside what I consider fair value (reversion to the mean). Bought BG 2/4/2021 peeled off 50% after 15% run. Most/all these commodity plays were more than 100% lower on the 3/2020 crash. Therefore, difficult to to see the value proposition unless interest rates and/or inflation perks up.

That will be the least of the concerns. Higher interest rates will blow up these companies living on 0% interest rates.
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