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Compass Minerals International Inc. Message Board

  • puckstopperforhawks puckstopperforhawks Dec 12, 2011 11:35 AM Flag

    Snow not falling !

    When the experts said we would have a really bad winter in Chicago, you knew it would be better, warmer and less snow too funny!

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    • Hey, look out your window and repeat: "the snow is not really falling now." (You just got what you wished for) 16 degrees, high winds, and blowing snow.

    • 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.

    • And the experts said we would have a dryer than normal winter in the high country of Arizona. We're now in our 4th major blizzard. We've had more snow now than the totals of some winters.

 
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