Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: E_K_S who wrote (78211)	10/7/2025 9:40:41 AM
From: Elroy	Read Replies (1) \| Respond to of 78464

I glanced at ASIX. Much more complex company than UAN, and it's a C Corp whereas UAN is an MLP. I like the 10%+ yield we can expect from UAN, whereas with ASIX I guess you're going to get share price appreciation if all goes well. Just a quick glance compare - last Q UAN had $169m sales and EBITDA of $67m (40% EBITDA margin). ASIX had $410m sales and EBITDA of $55m (13% EBITDA margin). So I don't know what ASIX does, but it's not making and selling fertilizer. LXU is the closest comparison to UAN, sales and EBITDA are withing 10%-15% of each other each quarters. Both make and sell ammonia and UAN fertilizers. ASIX has four main segments, and one of them is "plant nutrients", whatever that is. ASIX's press release doesn't say anything about price per ton of fertilizer sold (ie, ammonia = $570/ton, UAN = $320/ton). All the fertilizer companies give that data. So.....I don't know what's inside ASIX's plant nutrients. Maybe they're selling plant supplements for use in the gym?