Sunday, December 30, 2007

CF Holdings Stock has a Big Year

In the industry of agricultural chemicals CF Holdings Inc. (CF) has had a profitable ride this last year. The company is a manufacturer of nitrogenous and phosphatic fertilizers including diammonium. The company operates a network of facilities for manufacturing and distribution in the midwestern part of the United States and it offers its products for sale world wide. It became a holding company in 2005 when it began to trade publicly for the first time.
In December of 2006 the stock was hovering around $20 a share. About 4 months later in April it was around $40. By August it was around $60. This month it shot passed $90 and on December 28th, 2007 it closed at $111.99 a share. It's flirting with the idea of a 5x increase in the value of its stock for the year.

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