Report
Seth Goldstein
EUR 100.00 For Business Accounts Only

Compass Minerals' Rally Isn't Over

Since touching an 11-year low below $40 per share in late 2018, shares of wide-moat Compass Minerals have rallied more than 40%. The market seems to be warming to the notion that harsh winter weather in January and February will boost deicing salt prices in the upcoming bid season. However, current share prices still reflect a wait-and-see attitude from investors regarding the resolution of recent operational headwinds at the company's flagship Goderich rock salt mine. 
We are more optimistic, a...
Underlying
Compass Minerals International Inc.

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.

Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Seth Goldstein

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