Compass Shares Rally as Harsh Winter Provides Favorable Market Conditions; Shares Remain Undervalued
Wide-moat Compass Minerals reported encouraging first-quarter results, as strong highway deicing salt volumes partially offset increased expenses in the salt segment related to the September 2017 Goderich mine collapse. In the company’s earnings release, management noted there are currently favorable conditions in the deicing salt market as the 2018 bid season kicks off. Investors reacted positively to management’s outlook, with shares up over 6% and now above $70 at the time of writing.Managem...
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.
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