CVR is down because of numerous extraneous factors
Without reservation i say those who have been covering UAN should lose their jobs. Why so many favor RNF is beyond me. Their general partner is a ball and chain whereas CVR has a symbiotic relationship where UAN get its pet coke from them while they resell byproducts of their manufacturing process back to CVR refinery. The misinformation about UAN is so pervasive even Jim Cramer (mainstream Media) jumped on the bandwagon without doing his DD and based a "sell" rating on the 4th Q dividend and lowered earnings which were specifically due to the cost for a 50% increase in UAN production capacity, not to mention the biannual turnaround. Pure laziness.
Take your pick of reasons why UAN's stock has performed so poorly:
*Constant bashing by the media while at the same time pumping RNF ????? I am truly shocked the same RNF pumpers aren't still blowing the RNF horn about something. Why you ask? It never stopped them before! UAN is superior in nearly every way !!
*Lowered earnings because the 50% UAN increase wasn't completed until mid February, 2 months behind schedule.
*Misunderstanding of 4th quarter earnings and payout of dividend in 4th Q 2012
*Uncertainty regarding how Icahn's purchase of CVR Inc. would shake out for UAN
I agree with the lack of general knowledge and undersatnding of this company. I for one, am grateful. The low price has allowed me to continue to add to my position at an incredible price. If you plan on holding this for a long term income stream (as I am) you should not be upset.