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Non-Tech : Is Terra Nitrogen Co. L.P. a good buy? (TNH) -- Ignore unavailable to you. Want to Upgrade?


To: jhild who wrote (70)10/21/1997 1:53:00 PM
From: jhild  Read Replies (1) | Respond to of 91
 
Here's link to complete release:

dljdirect.com

So it looks like they are producing more but enjoying it less.

More tons produced
Lower sales price per ton
Higher cost per ton
Last year's special deal to move receivables into cash

Adds up to much less cash to distribute.

Ouch.

But possibly on the bright side for future

Lower gas prices, with mild winter.
Higher sales prices with lousy weather overseas and higher demand (El Nino effect)