Thanks for your thoughts. I agree. The float is a problem plus I'll bet not 10% know what soda ash is an maybe 1% know what trona is.
The market obviously disagrees with me. Does anyone else have thoughts on CINR and the results?
No idea why but it has been remarkably strong in a down market. My wife and I have had this stock in IRAs and Roth IRAs for years. I love this stock! Do you think someone is going to make a run at them like they did with Heinz and Kraft? Pretty pricey multiple for that. BTW this might be the deadest board on Yahoo. Cheers!
My thoughts exactly. Volume not big enough to explain the jump. But don't look a gift rally in the mouth!
I think there is great confusion. First MLPs are getting crushed because some are bad and others because they are MLPs. Secondly, people think that CINR is a fracking sand company, not a low cost soda ash company. It is possible that the world will totally crash and we won't need raw materials such as soda ash but that is pretty unlikely. For me I am holding CINR and reinvesting the dividends. The position is in a Roth that my wife and I don't need for now so we will just let it run (up, down or sideways).
Does anyone on this board have a sound opinion (I know we all have opinions, but I want ones based on facts) about the survival of Hi-Crush? I don't care if it takes three years as long as they don't wipe out the shareholders. To date I have been crushed high, crushed low and crushed in between. Thoughts?
ACAD has 100 million shares outstanding. At the current price $300 million would had slightly more than 10 million additional shares for about a 9% dilution. It would bring the book value up by nearly $3/share for whatever that is worth.
My understanding is that they are filing for a self registration for up to $300Mil. Having an approved registration does not require them to do an offering. It is not that uncommon for a company to have prior authorization to sell shares. Often this is just an insurance police in case they want to take an opportunity to raise cash in a more timely manner than doing a full offering from scratch. Am I wrong about this? Is this some nefarious way to drive the price down prior to a takeout? Advise if you know something.
CINR is a mining company. It mines trona which is also known as soda ash. It's mining interests are at Green River Wyoming. It is a low cost producer of a chemical used in many products. In my view it is a little gem of a company paying a great dividend ($2.20). It does not mine fracking sand (I got bit on that one but that is another story).
Must be someone out there who knows more than I do about CINR previouslyt OCIR