Report
Seth Goldstein
EUR 100.00 For Business Accounts Only

We Maintain Our Outlook and $81 FVE as Compass Minerals Appoints New CEO; Shares Undervalued

On April 23, Compass Minerals announced that Kevin Crutchfield will become CEO and sit on the board of directors effective May 7. Compass has been without a permanent CEO since Fran Malecha resigned in November. Since then, lead director Dick Grant has been interim CEO. Grant will become board chairman once Crutchfield becomes CEO.
Crutchfield brings over 30 years of mining experience to Compass, having most recently served as CEO of Contura Energy, a U.S. coal miner, since its inception in 2016...
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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