Stifel Nicolaus recommends investors to sell Intrepid Potash (NYSE:IPI), saying the company is overvalued at this time.
Intrepid is trading at over 78x the EPS estimate of the company for 2010. That's about 105 percent above the PE of its peers in the agriculture sector.
They're also about 62 percent over the average EV/EBITDA multiple for the Ag sector.
Stifel maintains their "Sell" rating on Intrepid, which closed Tuesday at $35.03, down $1.24, or 3.42 percent.
Wednesday, December 29, 2010
Sell Intrepid Potash (NYSE:IPI) Says Stifel Nicolaus
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1 comment:
IPI is trading at 15x 2011 EPS and less on 2012. This analyst has been wrong and continues to be wrong
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