For those of you who don't know the story--GS was part of a finance group that bought the pieces of CVI from a then bankrupt Farmland industries--( a large diverse farmers co-op that bit off more than it could chew and went belly up around 2002). I believe they bought the fertilzer & refinery Operation from Bankrupcty cout in 2004. They operated it privately until they IPO'd it in 06 or 07. GS originally had around 28-35% of the company and had planned to get their money out a long time ago--except the financial collapse of 08-09 neccessitated in them holding it a lot longer. GS has gradually been selling it's shares fore a while now---I believe it is a good thing---large institutional investors don't like to see one company with such a large share because the stock price can crash if that shareholder decides to get out. They divested a large amount last year and are continuing to divest this year. This --along with Crack spreads going through the roof and fertilzer prices going rapidly upward are the items propelling this stock upward. The proposed IPO of the fertilzer business will also unlock shareholder value---tghis stock will probably see it 2007 high of around $30.00 soon.
Thanks for the update Roscop. I was thinking of selling CVI before I read your post. I wasn't aware of that history. I agree that this stock could see $30 soon especially with the way commodities and fertilizer prices have been on a tear. I am definately holding now.
In the past EVER time I have stayed in a stock after Goldman has sold a large holding it has coast me. I have never owned this but won't for a while at least. My experience has been that Goldman deals in what may not be ILLEGAL information, but certainly UNETHICAL inside information.