Intrepid Potash (IPI): Someone posted that KALU dropped because...

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Intrepid Potash (IPI)

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Re: OptionMonster post# 157

Monday, 06/02/2008 9:09:32 AM

Monday, June 02, 2008 9:09:32 AM

Someone posted that KALU dropped because the guidance sucked. Regarding IPI, guidance is very strong. But maybe the street doesn't like that some of the revenue came from this:

Net income in the first quarter includes $7.0 million of insurance proceeds related to the reconstruction of a damaged warehouse.

This sqews the numbers a bit and shows that IPI only quadrupled revenue rather than quintiple. LOL! They should be publicly flogged. I guess they currently are being flogged.

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