i've been looking IPI over, and from what I'm seeing they will come to market this week (perfect timing I do say, with so many AGs reporting) they will come out the gate at about $2.0 - $2.5Billion Market Cap, Potash companies are not easy to get up & running the entry is high & it usually takes 5-7 years to break the entry barrier....with IPI they are ALREADY in the game, they are mostly domestic based in the US for their revenues, so those wonderful prices POT/MOS negotiated w/ China will not affect them. IPI is profitabe & I'm thinking while this may be an excellent IPO, coming in on the hottest time for AGs, it may not be the BEST recent AG IPO...I think I would have to award that to TITN, I do believe TITN has plenty in the tank & it's shaping up nicely. Ipi will do fine but to me you might be better off buying the Giants (POT/MOS/AGU) AGU is going to blast through $100 & it is my belief that NO MAJOR AG play will be trading for under $100 in a few months if NOT May. DE & AGU are in the $88-$90s range, (TRA is near $50) IPI may ride the wave, but remember it is small, and it cannot control prices (like POT)
If you want another POTash pick there is one I have played before it trades under KCLOF.pk it is a tracking stock for KCL.V on the TSX it is a Startup POtash Co called Potash One & it has moved up nicely, I suspect that juniors will move up as well as the majors, even if the juniors have no reason to, so a speculative investment on KCLOF may be worth it..its about $4.25 I think...
I've supported the AGs & ennesntially placed ALL the AG plays in your hands, reaize that the conditions have not changed for these stocks, they have gotten better...China just agreed to pay TRIPLE the price it paid last year...think about what taht will do to POT/MOS/AGU bottom line. There is STILL great gains to be made if you observe the right things, & research the right space. This week should be very intersting....My estimate is for AGU to outperform the others, it has been held back due to the needing to close a merger in the US.
If I had to rank them,,,they'd be as follows (in terms of who will perform best going foward)
1. AGU
2. POT
3. MOS
4. DE/TITN
5. MON
6. TNH/CF
7. TRA
**Wildcard is ofcourse COIN, will see that by June**
Good luck to all of you whether you decide to be in AGs is a choice you'll have to make,,,but get the gains where you can!
Please don't express shock when one day the quote on POT is in excess of $$300.oo
), stayed & strayed away from the penny stock players(some tried to bring it on here), just seem to be investing in legitimate Co's w/ lots to offer in these troubled times. For the spring/summer mo's add these all to your watch lists -
I gotta remind myself not to complain about profits...
