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Enter Symbol:
 
INTREPID POTASH INC (IPI) [hlAlert]

Rating:
Underperform
IPI
up 75.13 %

INTREPID POTASH INC (IPI) rated Underperform by BofA/Merrill

Posted on: Wednesday,  Jul 31, 2013  8:25 AM ET by BofA/Merrill

BofA/Merrill rated Underperform INTREPID POTASH INC (NYSE: IPI) on 07/31/2013, when the stock price was $13.31. Since
then, INTREPID POTASH INC has lost 42.90% as of 08/27/2015's recent price of $7.60.
If you would have followed this BofA/Merrill's recommendation on IPI, you would have gained 75.13% of your investment in 757 days.

Intrepid Potash, Inc (Intrepid) is a producer of muriate of potash (MOP). The Company is engaged in the production and marketing of potash and langbeinite (sulfate of potash magnesia), another mineral that contains potassium. The Company markets its langbeinite under the name of Trio. Intrepid also produces salt, magnesium chloride and metal recovery salts from its potash mining processes. The Company owns five potash production facilities: three in New Mexico (collectively known as Carlsbad or individually as West, East and North) and two in Utah (Moab and Wendover). The Company has the capacity to produce 1,200,000 short tons of potash and 250,000 short tons of langbeinite annually. It also owns two development assets in New Mexico, the HB mine, which is an idled potash mine, and the North Mine.

BofA/Merrill
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/31/2013 8:25 AM Sell
None
13.31
as of 12/13/2013
1 Week up  4.39 %
1 Month up  8.30 %
3 Months up  3.44 %
1 YTD down  -9.54 %

(*) Stock Price at the time of the recommendation.
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