I previously wrote up high-cost potash producer, K+S (SDF, listed on the DAX in Germany) last November, contending that the combination of a turn in the potash market; a structurally high-cost set of assets; and a terribly-levered balance sheet with near-term maturities all made for a potent short cocktail. The stock has since fallen ~55% … Continue reading K+S Update: Is it about to get medieval in the potash market?