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Is Intrepid Potash (IPI) Still a Good Investment to Consider?

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·3 min read
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Bumbershoot Holdings LP, an investment management firm, published its fourth quarter 2020 investor letter – a copy of which can be downloaded here. Bumbershoot Holdings L.P. generated a negative gross return of -6.61% for the full-year 2020, while its S&P 500 benchmark delivered a 16.26% return in the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.

Bumbershoot Holdings LP, in their Q4 2020 investor letter, mentioned Intrepid Potash, Inc. (NYSE: IPI) and shared their insights on the company. Intrepid Potash, Inc. is a Denver, Colorado-based fertilizer manufacturing company that currently has a $420.8 million market capitalization. Since the beginning of the year, IPI delivered a 29.94% return, extending its 12-month gains to 277.34%. As of April 07, 2021, the stock closed at $31.38 per share.

Here is what Bumbershoot Holdings LP has to say about Intrepid Potash, Inc. in their Q4 2020 investor letter:

"From an investment perspective, Intrepid Potash (IPI:NYSE) struggled right off the bat, down roughly -30% in Jan-Feb. Intrepid despite being a significant drag on returns for most of the year, recovered at the very end of December and was a non-material contributor."

farming fertilizer
farming fertilizer

Pixabay/Public Domain

Our calculations show that Intrepid Potash, Inc. (NYSE: IPI) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the fourth quarter of 2020, Intrepid Potash, Inc. was in 4 hedge fund portfolios, compared to 7 funds in the third quarter. IPI delivered a 27.56% return in the past 3 months.

The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 15 best innovative stocks to buy to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our website:

Disclosure: None. This article is originally published at Insider Monkey.