Heavy December Snowfall Buoys Compass Shares and Supports Our Thesis
Shares of Best Idea Compass Minerals have risen nearly 10% in the past two weeks as harsh winter weather seems to have improved market sentiment for the deicing salt producer. The 2017-18 winter has begun with an above-average number of snow days, which should bode well for Compass’ deicing salt profits in the near term. We calculate that 10 representative cities across Compass' Midwest and Great Lakes footprint saw 47 snow days in December 2017, the most for that month since 2014. This marked a...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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