UPDATE: Some thoughts on valuation.
1440 Wall Street is groovin' and behoovin' as the hep cat who had to fert.
Translation: They've been the go to blog on Intrepid Potash* and seem to be enjoying it.
From: 1440 Wall Street:
The potash fever griping Wall Street will eventually turn into a shorting opportunity, but that could be years away.
Resistance is futile; the big money has trampled everything in the path. The Janus funds have a $4+ billion position in the shares of Potash Corp of Saskatchewan (POT-NYSE), committing over 2% of the assets under management at the fund complex to the stock.
Chances are good that Janus received an allocation in today's deal du jour; Intepid Potash (IPI-NYSE)....MORE
*MarketBeat hasn't been sloughing off either.
