Christoph Aublinger
Long only, value, commodities

K+S AG: 6 Months After The Crash

(Editors' note: Investors should be aware that both KPLUF and KPLUY are thinly-traded securities).

At the end of July 2013 things looked horrible for K+S (OTCQX:KPLUF; ADR: OTCQX:KPLUY). After the announcement of Uralkali's CEO, Wladislaw Baumgertner, to exit from the BPC sales organization with Belrussian Belaruskali and to switch to a "quantity before price"-strategy, K+S lost more than 40% of its MC within just one week. It was even claimed that the expected drop in the prices of potash fertilizers would lead to a price level that would make all of K+S's potash operations uneconomic. Now, 6 months after those events, things calmed down a bit, rational thinking returned and K+S's stock price has risen more than...

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