Trimming Our Compass Minerals FVE to $82 as Goderich Geology Concerns Chill Cost Savings
Compass Minerals reported fourth-quarter results roughly in line with our expectations as the company wrapped up a challenging 2017 that saw salt profits decline due to mild winter weather. Although the 2017-18 winter weather has begun with an above average number of snow days, we’re lowering our fair value estimate to $82 per share from $84 on lower near-term profits than we previously anticipated.At the Goderich mine, the salt that Compass is currently extracting has an increased level of imp...
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