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Agrium (AGU -1.2%) shares have shed ~6.5% since its Q4 earnings report, but Scotiabank says the...

Agrium (AGU -1.2%) shares have shed ~6.5% since its Q4 earnings report, but Scotiabank says the correction is due to weakness in the fertilizer space rather than Jana Partners' complaints or "uneventful" Q4 results. The firm thinks it's time to buy again, seeing retail metrics are improving and U.S. corn acreage and yields coming in below expectations, which could improve sector sentiment.
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Comments (1)
  • The Mays Report
    , contributor
    Comments (252) | Send Message
     
    Agree on actual reason for weakness. Not so sure about the rest. To early for that to be anymore than hopium.
    26 Feb 2013, 03:24 PM Reply Like
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