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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (66751)	3/2/2021 3:04:28 PM
From: Elroy	Respond to of 78777

Yeah, I’m probably being confusing. Based on my understanding of the environment and UAN, it is too cheaply valued. If things play out between now and November in the way that today seems likely and reasonable, I expect UAN to be $50 in November, perhaps more. But....UAN is a micro cap. Anything can happen. And, while I probably know UAN better than most here, I’m not a fertilizer expert. So, let’s see.... For the past six years or so the problem with UAN has been that the sales price of their two fertilizer products has been too low for to make any money. The shares sat around $30 from 2016 to the pandemic, collapsed to $6 in the pandemic, then rose back to $25 today. Since January the sales price of their two fertilizers has risen to pre 2015 levels. At those levels pre 2015 UAN paid $10 per year in distributions. Today UAN produces more volume than pre 2015 days. To reflect all that good news, the UAN share price is $25. It’s too cheap. It should be $50 on its way to $100. What’s wrong with this story? I don’t know. Let’s watch and see.....