Compass Minerals (CMP) Investors Begin Snow Dance
Tweet
Share
E-mail
Get Alerts CMP Hot Sheet
Price: $29.95 -2.25%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.9%
EPS Growth %: +84.6%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.9%
EPS Growth %: +84.6%
Join SI Premium – FREE
Considering last year's mild winter, it wasn't the best of times for Compass Minerals International (NYSE: CMP). CMP makes 80 percent of its revenue from the sale of salt, most of it used to de-ice roads.
Compass was profiled in a weekend article in Barron's, and according to the report, sales might remain soft through the end of the year as customers work off inventories. However, if this winter shapes up to be as nasty as some predict, salt sales could turn around in a dramatic way, and Compass will be in a great position to deliver earning results.
Compass owns the largest salt mine in the north central United States and the company's mine in Goderich, Ontario is the largest in the world. The location of these mines is important because shipping accounts for 30 percent of the cost of salt, giving Compass a competitive advantage in terms of price.
Compass shares trade at 72.13, lower by nearly 4 percent over the past 12 months.
Compass was profiled in a weekend article in Barron's, and according to the report, sales might remain soft through the end of the year as customers work off inventories. However, if this winter shapes up to be as nasty as some predict, salt sales could turn around in a dramatic way, and Compass will be in a great position to deliver earning results.
Compass owns the largest salt mine in the north central United States and the company's mine in Goderich, Ontario is the largest in the world. The location of these mines is important because shipping accounts for 30 percent of the cost of salt, giving Compass a competitive advantage in terms of price.
Compass shares trade at 72.13, lower by nearly 4 percent over the past 12 months.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Compass Minerals International (CMP) PT Raised to $30 at BMO Capital
- Interactive Brokers reports June trading metrics with 53% DART rise
- Interactive Brokers adds Nextrade ATS for Korean equity trading
Create E-mail Alert Related Categories
Insiders' BlogRelated Entities
Barron'sSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
