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Mosaic (MOS -2.8%) says it is deferring a project to add 2M metric tons/year of potash...

Mosaic (MOS -2.8%) says it is deferring a project to add 2M metric tons/year of potash production capacity due to unfavorable market conditions. Also, MOS expects its recurring dividend per share to grow in-line with earnings, and says it favors repurchases over dividends to deploy surplus cash. It expects to meet updated liquidity and leverage targets within the next 12-24 months. (slide show)
Comments (5)
  • management has a good perspective on long term planning which should payoff handsomely.
    13 May 2013, 12:35 PM Reply Like
  • Argh.
    I would like to know WHICH project they are deferring.
    Wouldn't it have been smart for at least ONE reporter to ask that key question?
    13 May 2013, 01:31 PM Reply Like
  • wow what a stupid market less product means higher margins, MOS and POT own this market and they like OPEC are turning the spicket off a bit, thats means higher price pts.
    13 May 2013, 02:09 PM Reply Like
  • I guess they figured they would sell less fertilizer since this administration seems to be able to find 400 million bushels of corn whenever it's handy
    13 May 2013, 05:31 PM Reply Like
  • Mosaic was never known for its management expertise. Owned this turkey a few years ago and dumped it before it started heading south. Looks like it is headed that way again.
    13 May 2013, 09:16 PM Reply Like
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