Andrew Willis: Last week, Compass Minerals (CMP) decided to cut its dividend by nearly 80%.... We thought they knew many investors were in it for the income. Like a 22% price action kind of amount.
But that was then, and this is now. Senior equity analyst Seth Goldstein continues to see a long-term growth opportunity that all investors may be taking for granted right now.
Combine ownership of the world’s largest salt mine with the tendency for winter to return, and more roads that need salt every day. Consider how fertilizer and fire extinguishers come in handy when the fields get too hot in the summer. And with investments in lithium production needed for EVs, investors need only look out their windows to see what Compass has covered.
For Morningstar, I’m Andrew Willis.