Intrepid Potash (IPI:NYSE) — FY19 Q2 Update

https://seekingalpha.com/article/4283797-intrepid-potash-fy19-q2-update

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Introduction

Intrepid Potash (IPI) reported results for Q2’19 on Tuesday morning. While headline results were somewhat mixed, investors’ reaction to the news was decidedly negative, taking shares down almost 10% to around $3.25. While the cause for concern is not entirely wrong, it does feel misguided, as Intrepid’s story is one that remains both highly misunderstood and of enormous potential. Realizing that potential is never a guarantee, but there are reasons to feel confident in the company’s intrinsic value materializing, as its long-term narrative has only just begun to take hold. Opportunities of this magnitude rarely come along and it is why Intrepid remains one of the largest positions in Bumbershoot Holdings LP, with the fund beneficially controlling more than 250k+ shares. …

Intrepid Potash (IPI:NYSE) — FY19 Q1 Update & Financial Model

https://seekingalpha.com/article/4261578-intrepid-potash-fy19-q1-update-financial-model

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Introduction

Intrepid Potash (IPI) reported results for FY’19 Q1 on May-7th and I thought it might be useful to offer investors a quick update on performance. So, I’m putting on my old “sell-side hat” to write a brief “companion piece” to Betting on Blue! – a lengthy, in-depth report about the company’s opportunity in the Permian Basin, published in February…