Rentech Nitrogen Partners, L.P.
RNF
pitch
long/short
Nielsen Fields, CFA
Thesis
By going long Rentech Nitrogen (RNF) shares and shorting CVR Partners (UAN) shares, investors can capitalize on the arbitrage opportunity created by RNF's sale to UAN. The market undervalues RNF's shares at $12.00, failing to recognize the additional value from cash distributions and the potential sale or spin-off of the Pasadena facility, which could add significant value per share.
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