Climate Change Is Responsible for Compass Minerals' Weak Recent Results but Not How You Might Think
Compass Minerals' stock has fallen 20% since the company reported a second consecutive year of poor salt results in February. Shares now trade at a seven-year low, implying a future that looks much like the recent past: warm winters, weak salt demand, and depressed profits. Has climate change impaired Compass Minerals' franchise?Our analysis of 120 years of weather data across Compass Minerals' 10 key markets suggests climate change is to blame for recent weakness, but only in the sense that i...
Compass Minerals International is a holding company. Through its wholly owned subsidiaries, the company is a provider of minerals, including salt, secondary nutrients and micronutrients, and specialty chemicals. The company has three reportable segments: Salt, which produces, markets and sells salt and magnesium chloride and sodium chloride; Plant Nutrition North America, which includes sales of sulfate of potash specialty fertilizer and specialty plant nutrients; and Plant Nutrition South America, which manufactures, distributes and markets an array of specialty plant nutrients and supplements developed and formulated from primary and secondary nutrients, specialty plant nutrients and biostimulants.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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