- I believe that Intrepid Potash is rightfully considered the best stock in its industry (by the SA's Quant Ranking system).
- After the massive sell-off we have seen recently, IPI now looks cheap enough to attract attention. Both COMPS and DCF valuations confirm this.
- The shortages of price-inelastic food create long-term demand for IPI and its peers.
- The lack of debt on the company's balance sheet should play into its hands.
- The upcoming buybacks should give IPI another catalyst to soar. I, therefore, recommend buying IPI at current levels.
For further details see:
Intrepid Potash: The Best Fertilizer Stock Is On Sale