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A recent USDA report showing sharp Y/Y declines in grain stocks ought to be a positive for...

A recent USDA report showing sharp Y/Y declines in grain stocks ought to be a positive for Potash (POT) and Agrium (AGU), but National Bank of Canada analyst Robert Winslow thinks the strength won't last and crop prices later this year - and agriculture equities - have much downside risk. An estimated 97.4M acres of corn were planted in the U.S. this year, the most since the 1930s.
Comments (3)
  • steven russo
    , contributor
    Comments (188) | Send Message
     
    POT is yielding over 3.6% with the dividend which has been raised 500% over the past two years and still has a payout ratio of under 30%. Most likely a stock buyback will be introduced soon also. I don't think theres any downside risk in POT. Just think this guy wants to build a big position before the market realizes its way undervalued.
    6 Jul 2013, 08:36 PM Reply Like
  • Judoguy
    , contributor
    Comments (48) | Send Message
     
    Steven I agree just sit back and wait patience is a virtue in investing .Let the swing in POT come to you when it does it will probably run up a lot that's what I am waiting for!I could state #"s but you get my point.This stock is really a very fundamental investment and all these comments on the ups and downs have little meaning-I have figured out that most of the guys commenting have little skin in the game so they talk and talk .
    7 Jul 2013, 02:57 PM Reply Like
  • steven russo
    , contributor
    Comments (188) | Send Message
     
    and theres the 2B buyback!
    24 Jul 2013, 09:40 PM Reply Like
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