With new #'s for SOP, 35% (YES 35%) of sales next year will be SOP. Give a slight increase in salt prices (always happens) and you get 5.6-5.7 a share in 08. I have a tough time calling a company selling at 11-12x earnings frothy. Having said that, I dont expect much in the way of earnings increases in 09 (10% or so) since SOP prices cant be counted on to march on up. But come on, POT is selling at way higher multiples so CMP is just in the process of getting revalued from a 10% Ag company to a 35% Ag company.