Potash IPO next week

I really like this company's IPO in general, but I don't like the valuation. At best we can expect 0.60 per share from this company in 2008. This means it will be issued at 40x future earnings. These owners are cashing in at a sick level.

PCS is trading at around 27-28x expected earnings... it will be fun to see what happens when Intrepid starts trading. I can see a pop off the hop and then who knows but I think it is overpriced to begin with.

 

DONOT confuse this with POT the symbol the leading stock among fertilzer group, that is already a publicly held company and has nothing to with IPI.

 

Don't Set Growth Limits for the Potash Economy

 

Potash is done when the ethanol subsidies get pulled. Corn loves fertilizer. Until then, to the sky.

 

Priced at $32 starts trading tommorow. Very rich valuation,

 

POT MOS MON is probably better than this

 

i just glanced VERY quickly and it looks like their p/e is over 70. is this right?

ok just looked again...are they offering 30 mln shares?

 

Be even richer on the first print.

 

I dunno.

China Caught in Potash Crunch

http://www.atimes.com/atimes/China/JD22Ad02.html

 

+50% nice debut for IPI !!!