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The Mosaic Company (MOS)

  • Thu, Oct. 1, 8:52 AM
    • Mosaic (NYSE:MOS) says it reached a settlement worth more than $800M with U.S. and state environmental regulators to clean up fertilizer manufacturing operations in Louisiana and Florida.
    • Under the agreement, MOS will pay an $8M fine, spend ~$170M on new on-site waste management and recovery processes at facilities in the states, and hold an additional $630M in reserve to cover costs for the closure and long-term care of giant piles of phosphogypsun, a waste byproduct of processing phosphate rock into fertilizer.
    • MOS says it does not expect the changes under the settlement to affect its production rates or volumes.
    | Thu, Oct. 1, 8:52 AM | 1 Comment
  • Mon, Sep. 21, 5:13 PM
    • Mosaic (NYSE:MOS) says it will cut production in its potash business by extending maintenance downtime at its Colonsay mine, and maintain planned slower production in its phosphates business.
    • Delayed fertilizer purchases in Brazil and North America have weakened markets, along with volatile currency and equity markets and lower crop prices, MOS says.
    • MOS expects Q3 potash volumes in the bottom half of its guidance range of 1.6M-2M metric tons, with the average selling price for muriate of potash in the bottom half of previously announced guidance of $260-$280/oz.
    • MOS foresees Q3 phosphate volumes at the low end of its expected range of 2.1M-2.4M metric tons, with the average selling price for diammonium phosphate in the upper half of a range of $435-$455/metric ton.
    | Mon, Sep. 21, 5:13 PM | 4 Comments
  • Mon, Sep. 21, 3:32 PM
    • Potash (POT -3%) is downgraded to Underperform from Neutral with a $22 price target at Macquarie, which sees no letup in the multi-year slump in potash prices anytime soon; in fact, the firm thinks the downturn will grow significantly worse.
    • The firm foresees an average potash price of just US$254/metric ton next year, down from more than $300 today, citing ongoing weakness in agricultural markets and depreciating currencies in emerging markets.
    • Macquarie expects global potash demand to fall by 4.4M metric tons in 2016, and with China sitting on huge potash stocks, the balance of pricing power will shift toward buyers and away from sellers, which could lead to the collapse of the potash contract pricing system.
    • Also: AGU -1.5%, MOS -1.6%, IPI -2.5%, SQM -0.9%.
    | Mon, Sep. 21, 3:32 PM | 16 Comments
  • Wed, Sep. 2, 11:44 AM
    • Intrepid Potash (IPI -1.4%) is lower after disclosing receipt of an imminent danger order from U.S. regulators relating to the ore hoisting shaft at its West Mine near Carlsbad, N.M., requiring the mine to shut down.
    • West Mine is IPI's largest, representing more than 40% of the company's total production capacity.
    • Other potash producers trade mixed: POT +0.3%, MOS +0.2%, AGU -0.7%.
    | Wed, Sep. 2, 11:44 AM | 2 Comments
  • Thu, Aug. 13, 4:40 PM
    • Mosaic (NYSE:MOS) declares $0.275/share quarterly dividend, in line with previous.
    • Forward yield 2.54%
    • Payable Sept. 17; for shareholders of record Sept. 3; ex-div Sept. 1.
    | Thu, Aug. 13, 4:40 PM | Comment!
  • Tue, Aug. 4, 4:49 PM
    • Canpotex, the potash export sales arm for Potash Corp. (NYSE:POT), Mosaic (NYSE:MOS) and Agrium (NYSE:AGU), says it has hired Ken Seitz, chief commercial officer of uranium producer Cameco (NYSE:CCJ), as its new CEO.
    • The current president and CEO, Steve Dechka, is retiring at the end of the year after 32 years of service with the company.
    | Tue, Aug. 4, 4:49 PM | Comment!
  • Tue, Aug. 4, 3:22 PM
    • Mosaic (MOS +2.8%) continues to maintain solid gains after reporting better than expected Q2 earnings thanks to higher sales of phosphates, which now account for more than half of the company's operating earnings.
    • MOS says Q2 net sales of phosphates totaled $1.4B, up from $1.3B the year before, while sales volumes in the segment were 2.8M metric tons, up from 2.6M in the prior-year period; potash net sales were $730M, down from $762M a year earlier, on lower sales volume of 2.3M metric tons vs. 2.5M a year ago.
    • Phosphate prices during Q2 fell ~3% Y/Y, while potash prices climbed nearly 5% Y/Y.
    • For the full year, MOS sees phosphate sales volumes of 9.5M-10M metric tons, vs. an earlier outlook for 9M-10M metric tons, and potash sales volumes of 8.2M-8.6M metric tons, vs. 8.5M-9M earlier.
    • CEO Jim Prokopanko, who steps down from the job tomorrow, says Q2, which includes the spring planting season in North America, showed that farmers are not skimping on fertilizer, and says he expects farmers to behave similarly during the fall fertilizer application period.
    • COO Jim O'Rourke, who is taking over for Prokopanko, says the possible takeover of German potash miner K+S by Potash Corp. would make further industry consolidation less likely.
    | Tue, Aug. 4, 3:22 PM | 1 Comment
  • Tue, Aug. 4, 7:02 AM
    | Tue, Aug. 4, 7:02 AM | Comment!
  • Mon, Aug. 3, 5:30 PM
  • Thu, Jun. 11, 7:13 PM
    • Mosaic (NYSE:MOS) is reiterated with a Buy rating and $56 price target at Stifel Nicolaus following meetings with senior management.
    • The firm cites three main takeaways from the meetings: Phosphate production costs have and will continue to decline as a result of input cost tailwinds, pessimism about potash is overdone despite lower demand in Brazil and North America, and planting in North America likely was better than current market expectations, which could lead to strong fertilizer demand.
    • Related tickers: POT, AGU, IPI
    | Thu, Jun. 11, 7:13 PM | 8 Comments
  • Thu, May 14, 5:01 PM
    • Mosaic (NYSE:MOS) +1% AH after unveiling a $1.5B share buyback and raising its quarterly dividend.
    • MOS says it will execute an accelerated buyback of $500M of shares, and buy the rest back in the next two to three years.
    • MOS also raising its quarterly dividend to $0.275/share from $0.25.
    | Thu, May 14, 5:01 PM | 1 Comment
  • Wed, May 13, 5:51 PM
    • Mosaic (NYSE:MOS) selects James O'Rourke to succeed James Prokopanko as President and CEO, effective Aug. 5.
    • O'Rourke has served as COO and executive VP of operations since 2012 after joining MOS in 2009; he had served as president of Barrick God's Australia Pacific unit.
    • Prokopanko will remain as a senior adviser until his planned retirement in January 2016 to spend more time with his family following his treatment for cancer.
    | Wed, May 13, 5:51 PM | Comment!
  • Mon, May 11, 3:04 PM
    • Screening for the 10 S&P 500 companies which cut their float by the most in 2014, Wallace Witkowski finds just half have seen their stock prices outperform the average over past two years. Six out of ten saw an improvement in adjusted EPS; five out of ten an improvement in EPS.
    • ADT Corp. (NYSE:ADT) reduced its share count by 18% - the most in the group - and has seen its stock price fall 16% over the last two years. Next is Cameron International (NYSE:CAM), which cut its float by 16% and saw its stock decline 19%. Mosaic (NYSE:MOS) has bought back 12% of its stock, but is down 30%.
    • Success stories include CF Industries (NYSE:CF), cutting stock outstanding by 14% and posting a 62% gain in price. Juniper Networks (NYSE:JNPR) has bought back 10% of the float and is sporting a 57% gain.
    • All ten of the companies increased their debt load alongside the buybacks.
    | Mon, May 11, 3:04 PM | 4 Comments
  • Thu, Apr. 30, 8:58 AM
    • Mosaic (NYSE:MOS) +0.2% premarket after Q1 earnings beat analyst estimates, although potash volumes fell because of issues with the North American spring fertilizer business.
    • Q1 phosphate sales grew to $1.2B from $959M in the year-ago quarter, reflecting higher sales volume and higher finished-product prices, and phosphate sales volumes totaled 2.3M metric tons, on the higher end of the company’s expected range of 2.1M-2.3M.
    • However, Q1 potash sales fell to $653M from $733M a year ago, and sales volume of 2M metric tons was on the low end of the company’s projection of 2M-2.3M metric tons, as "seasonal uncertainty during this time of year has been exacerbated by the delayed and compressed North American spring fertilizer applications."
    • For Q2, MOS projects volumes of phosphate of 2.3M-2.7M metric tons vs. 2.6M last year, and sees potash volumes of 2M-2.4M metric tons vs. 2.5M a year ago.
    | Thu, Apr. 30, 8:58 AM | Comment!
  • Thu, Apr. 30, 6:01 AM
    • Mosaic (NYSE:MOS): Q1 EPS of $0.80 beats by $0.05.
    • Revenue of $2.14B (+8.1% Y/Y)
    • Press Release
    | Thu, Apr. 30, 6:01 AM | Comment!
  • Tue, Apr. 14, 7:15 PM
    • Goldman Sachs offers three criteria on how to pick stocks to short: Look for individual stocks with high valuations that have a tendency to underperform; take hints from mutual funds as they do a good job of selecting shorts; and look for stocks that are likely to move on company-specific factors and are less prone to moving with general market and sector trends.
    • Among the overvalued stocks Goldman thinks could drop are CELG, ORLY and RHT; stocks underweight by mutual funds that could fall are HST, CTL and EQR; and likely to deviate from the broad market and their sectors are KLAC, JEC and COH.
    • Rounding out Goldman's 19 stock recommendations that could reward short sellers: ARG, DO, DISCA, FLS, KSS, MOS, NDAQ, NVDA, TDC, WU.
    | Tue, Apr. 14, 7:15 PM | 45 Comments
MOS vs. ETF Alternatives
Company Description
Mosaic Coproduces and markets concentrated phosphate and potash crop nutrients.Itis organized into the two business segments: Phosphates and Potash.