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Rentech Nitrogen Partners, L.P. Message Board

  • etrade2000 etrade2000 Nov 25, 2012 9:21 AM Flag

    2013 revenue lower than 2012

    From the last quarterly earnings release:

    "The East Dubuque facility will undergo its next bi-annual turnaround during the fall of 2013. The turnaround is anticipated to take up to four weeks, which is longer than the typical 18 to 25 days, due to the fact that the final tie-ins for the ammonia production capacity expansion will occur during the 2013 turnaround to minimize plant downtime. During the turnaround, the plant’s ammonia and UAN units will be off-line and therefore ammonia and UAN production and sales volumes during 2013 are expected to be lower than in 2012."

    So basically revenues in 2013 will be lower than 2012. That's the reason why the stock sold off after the earnings release.

    I think the stock will go sideways or drift lower into the low 30s during 2013. Unless they grow their production, I don't see there will be much upside to this stock in 2013.

    Good luck to all. I was long from around 28 to 36. I sold all my shares. Nothing against the company. I think it's a great company to own. I just think there are better companies out there that can grow their revenue in 2013.

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12.83-0.02(-0.16%)Oct 6 4:02 PMEDT