potash-ponds

IPI: Show me the money

IPI recently posted its latest quarterly earnings, and the results are extremely surprising. First, the company posted ‘losses’ of $13mm. ¬†However, their ‘losses’ are misleading, because non-cash charges account for a portion of their earnings. Thus, when you strip away non-cash charges such as depreciation and amortization, the company generated around $7 to $10mm in