Topic: How To Invest

Pat: What are your thoughts on OCI Resources? Thanks.

Article Excerpt

OCI Resources, $25.91, symbol OCIR on New York (Shares outstanding: 9.8 million; Market cap: $518.7 million; www.ociresources.com), is a limited partnership that operates OCI Wyoming LP’s trona-ore mining and soda ash production business. Through its facility in Wyoming’s Green River Basin, OCI Wyoming is one of the world’s largest and lowest-cost natural soda ash producers. The facility has been operating for more than 50 years and has roughly 75 customers, including manufacturers and chemical producers. OCI Resources listed on the New York exchange and sold shares the public on September 18, 2013, at $19 each. The Green River facility mines trona (which is abundant in nature) and processes it into soda ash for a variety of consumable and industrial products, particularly glass, sodium-based chemicals and detergents. The Green River Basin has the world’s largest deposit of natural trona and supplies over 90% of the U.S.’s soda ash. In the three months ended March 31, 2014, OCI’s revenue rose 7.4%, to $116.2 million from…