Monday, April 21, 2008

Intrepid Potash Touted Pre-IPO By Jim Cramer (IPI, POT, MOS)

From 24/7 Wall Street:

The soon to price IPO of Intrepid Potash (NYSE: IPI) is a hot upcoming IPO that we have covered as "hot to scorcher" because of the steady rising and hikes seen in potash and fertilizer prices. We covered how the company raised its share offering and raised its total share offering. Tonight the now would-be "scorcher" just got the pre-IPO bump from Jim Cramer on CNBC's MAD MONEY tonight that will probably create even more interest tomorrow. While we don't like seeing IPO's getting "made even hotter" before they price, he did at least make some caveats on this hot agriculture and potash sector. He said he has parameters and you should not pay more than $34.00 per share in the after-market for this IPO....MORE

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