Bullboard - Stock Discussion Forum Itafos Inc V.IFOS

Alternate Symbol(s): MBCF

Chemicals Basic Materials

Itafos Inc. is a phosphate and specialty fertilizer company. Its businesses and projects include Conda, Arraias, Farim, Santana and Araxa. Conda is a vertically integrated phosphate fertilizer business located in Idaho, United States with a production capacity of over 550 Kiloton (kt) per year of mono ammonium phosphate (MAP), merchant grade phosphoric acid (MGA) and ammonium polyphosphate (APP... see more

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TSXV:IFOS - Post Discussion

Itafos Inc > Share price 2X earnings

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Post by greaterfoolFred on Mar 23, 2023 10:40am

Share price 2X earnings

Hello all, and thanks to JimToronto for keeping ths board alive. I am curious about the share price. Why would this company be trading at just over 2X earnings? Any thoughts? Good luck all.

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Comment by JimToronto on Mar 23, 2023 10:57am

My personal views: 1, a dominant shareholder, thus weakness of governance. 2, involvement of Russian players, e.g., Pala and the former owner of Farim. 3, failure to ramp up the SSP plant in Brazil. 4, uncertainty of the permitting at Conda. 5, previously a large amount of debt even after a recapitalization reducing debt to zero 6, the volatility of the fertilizer market 7, big players (NTR ...more

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