Between Jan 1 and May 1, 2012 RNF appreciated 82%. Could this appreciation be repeated this year (analysts feel that more corn will be planted this year than last year) ?
Sentiment: Strong Buy
i don't know about 'repeat performance' but RNF still has a lower forward PE than UAN, and RNF is a better situated for profits than UAN, given the location, location, location of RNF.
i think RNF has a fair amount of room to run, with retail sales booming (if folks are buying more stuff they are probably buying more food), and the drought increasing fertilizer demand.....
And meanwhile, there's a nice distribution while we watch the future unfold.
and an accretive acquisition to boot