2024-05-02 15:14:59 ET
Summary
- Intrepid Potash shares have been stagnant at around $20 per share, but the market is undervaluing the company compared to its tangible book value.
- The company is a producer of potash, an essential compound used in agriculture, animal feed, and the oil and gas industry.
- Despite current low potash prices, there is potential for a rebound due to future supply constraints and increasing demand.
- Shares are a buy with a price target of $35.
Investment Thesis
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Intrepid Potash: Undervalued And Potentially Rewarding The Patient