46 Degrees in Chicago today we may hit 60 degrees Wed. so yea we had a few inches the other day, but by any standards of measurement this winter has been a non event, now the day get longer and with no snow on the ground the earth will heat up faster look out for one hot summer coming down the road.
Q4 weather was much milder than normal in Chicago, Minneapolis and Toronto, which I assume means that Q4 was much warner than average throughtout the upper Midwest, with far fewer snow events than normal. I'm guessing that this is a big market for CMP with its mines in Canada, so that hurts. Sorry about northern AZ, I can't even guess what portion of CMP's sales go there.
Q4 2009 was also warmer than normal, but I think that Q4 2011 had even less snow. So sales should be hurt big time, I would think.
Q4 2009 was terrible for sales, but profits weren't hurt as much, because CMP was able to adjust production, and keep prices high. I'm guessing that nat gas prices in Q4 were much lower than normal for CMP (I don't think they hedge much), so that should offset some of the damage. But I'm still inclined to sell my CMP if the weather dosen't get worse.
I live in New York, and I was walking around in shorts yesterday. I certainly hope downstate NY isn't important to CMP.