RNF now trading at a 14% yield based on 2014 distribution guidance - stock hasn't been this cheap in a while and with natty gas coming in there could be upside to that $4 guidance - ag stocks have been weak but corn futures holding in well as have nitrogen prices - I bet the stock ends the month/quarter at least 10% higher than here - anyone want the other side of that???
and if you pull up the income statement for the last 4 quarters...it shows a trend...a big drop in revenue and earnings each quarter and an increase in debt load....interest on debt going up fast. So what are you talking about...or should I say what are "they" talking about??
the CEO explained there was sales weakness (first quarter) due to weather delay of planting,
if there was any other reason or reasoning for the selling -- I must have missed it,
Product already produced and ready for delivery with better weather..
(based on news and this years awful storms --- is price weakness based on fear of that ?)
Nat gas still very low,
would also bet RNF have locked in some really good long term options with intent to take delivery
and betting were up 15% to 20% higher when the quarters facts come out
If current price is linked to the "carry trade fears" -- sweeping across strong yield domains:
I would like to read a logical post on how it's so?
Excuse me, why are we listening to that idiot of cramer? wha is happening is as soon as he mentions a stock the short sellers pile on the stock and start to short the thing to no end, cramer likes means sell and buy back a year later....