stock setting up for run up into big turnaround in earnings and distributions
should see many upgrades coming here as earnings will increase and distributions. Ukraine mess has potential to shut off major exporter of fertilizers to the world driving prices higher as well. With RNF so cheap and 2 dissident groups coming into parent company RTK that are looking to sell RNF could lead to a buyout bid coming from a number of potential acquirers.
With stock way below replacement cost it makes sense for a hostile bid to be made for RNF and with two groups taking interest in the parent stock to enhance its value of assets held, you have the right time to make a play before RNF shows that a turnaround is already in place. Could easily see a 30 to 35.00 offer
Analyst Brent Rystrom had an additional report on Rentech Nitrogen Partners (RNF). Rystrom reiterated a Buy rating with a price target of $30.00. Rystrom noted, “This planting season appeared healthy and we think RNF will return to sharply improved profitability in its 2Q:14 that ended June 30, 2014. We think RNF is poised for distributions to return to an annualized run rate of $2-$3. The range will be impacted by nitrogen pricing and volumes, the cost of natural gas, and other factors”.
no wonder he only has 4 followers! lol
looks like the big boys want the july 30 calls to expire worthless
after expiration i'm looking for a breakout over 30 and likely set a new high over 32.50 too
must be looking for a strong move up to new highs in next two weeks
balance sheet much better than VIPS as well, JMEI will continue to run up as street realizes how much JMEI is undervalued!
noticed they are projecting 60% growth over next 5 years on yahoo
this stock will be well over 100.00 on that type of profitable growth!
stock should at least be selling at a 40 pe ratio based on 1+ earnings projection
based on that stock is undervalued and should be at least over 40.00 currently