Saturday, September 14, 2013

OCI Resources LP IPO

I went after the OCI Resources LP (Ticker: OCIR) IPO and received an allocation. The stock priced at $19 and promptly dropped to ~ $18 when it started trading. I was expecting a small pop, but you can’t always win them all in the IPO game. This company is involved in the mining of natural tona, which is used to produce soda ash. As I just learned that soda ash is used to make glass bottles and other consumer products. In any case this limited partnership pays out an annual dividend payout of $2.00 / annually per share ($0.50 per quarter). If the price stays down here, I may start accumulating a decent position.


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