Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Intrepid Potash
So what: Today, Cargill announced it was going to spin off its stake in Mosaic Co.
Now what: Today's move looks to be more of a reaction to Mosaic's news than anything bad for Intrepid itself. It also doesn't fundamentally change the story in the fertilizer business, so the investment thesis for Intrepid is intact. I am buying today's move and think the market will lift these stocks again once the Mosaic distribution takes place.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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