Added to YB: 2024-07-11
Pitch date: 2024-07-10
UAN [bullish]
CVR Partners, LP
+48.79%
current return
Author Info
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Company Info
CVR Partners, LP, together with its subsidiaries, engages in the production and sale of nitrogen fertilizer in the United States.
Market Cap
$735.4M
Pitch Price
$64.18
Price Target
175.00 (+83%)
Dividend
9.72%
EV/EBITDA
6.58
P/E
12.08
EV/Sales
2.34
Sector
Chemicals
Category
dividend
Show full summary:
'Manure! I hate manure!' - Biff Tannon: CVR Partners $UAN, CVR Energy $CVI
UAN: US nitrogen fertilizer mfr w/ 10% market share. 10% yield at current price. Structural advantages from cheap US gas vs. EU. Koch's $3.6B Iowa Fertilizer buy signals industry strength. Icahn owns 73%. Potential buyout at $112-$175 (45-125% premium). Risks: cyclicality, forced minority buyout. Complements BSM for nat gas hedge.
Read full article (6 min)