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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (31748)	7/25/2019 9:30:26 AM
From: E_K_S	Read Replies (3) \| Respond to of 34328

A few things to consider. First they probably integrated their last acquisition now which is a different process. That facility had a major upgrade so was not producing at capacity last year. Second the company's input cost are lower and not as cyclical to the price of (coke/oil) as 2nd facility uses a different process to manufacture UAN. The biggest factor is the price of the fertilizers they sell all were higher YoY. I noticed that they now will use some of that capacity to manufacture other fertilizers (still small) but that helps stbilize revenues as those fertilizers are not subject to as much price fluctuation as UAN. The most important factor looking forward is w/ the two facilities, they can manage production based on the (1) input prices and (2) production vol based on demand so they be able to run the facilities more efficiently. Also, I belive they also completed a large CapX upgrade on their original facility that took several months (over 18 months). Need to listen to their conference call to get more of the details on the status of all their CapX projects. EKS