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up 42.94 %

INTREPID POTASH INC (IPI) downgraded to Underperform by Oppenheimer

Posted on: Monday,  Jul 13, 2009  8:25 AM ET by Oppenheimer

Oppenheimer rated Underperform INTREPID POTASH INC (NYSE: IPI) on 07/13/2009. Previously Oppenheimer rated Outperform INTREPID POTASH INC (NYSE: IPI) on 03/09/2009.,
when the stock price was $15.60. Since then, INTREPID POTASH INC has gained 42.95% as of 07/13/2009's recent price of $22.30.
If you would have followed the previous Oppenheimer's recommendation on IPI, you would have gained 42.94% of your investment in 126 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.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/13/2009 8:25 AM Sell
as of 12/31/2009
1 Week down  -18.64 %
1 Month down  -17.50 %
3 Months down  -51.63 %
1 YTD down  -17.46 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/9/2009 8:25 AM Buy
15.60 20.00
2/13/2009 8:25 AM None

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