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POT

Potash Corporation of Saskatchewan Inc.

5/24/2013, 7:29 PM ET

Quote & Headlines Market Currents StockTalk

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Wednesday, February 22, 2012, 3:24 PM Potash (POT +0.6%) discloses that two of its mines will be closed for 4 weeks until March 31. The announcement follows in line with a precedent set by the company of idling mines to match up supply and demand. Comment! [Commodities]
Tuesday, February 21, 2012, 2:31 PM Mosaic (MOS +2.9%) is worth more if it’s broken up, Goldman Sachs says in calculating that the market is assigning a 6.5-7x multiple on 2013 EBITDA, which the firms calls undervalued because it represents a 30-40% discount to Potash's (POT) mines as well as a 20% discount to potash peers. Comment! [Commodities, On the Move]
Thursday, February 16, 2012, 12:56 PM The presumed next leader of China - Xi Jinping - met in Iowa with officials from the Dept. of Agriculture and local farmers, reiterating his nation's reliance on the U.S. for soybeans and other food and livestock feed supplies. It wasn't all empty rhetoric either based on a promise from Chinese government officials to buy more than $4B in soybeans this year with more deals expected down the road. CF, IPI, MOS, POT. Comment! [Commodities, Global & FX]
Wednesday, February 15, 2012, 8:36 AM Potash (POT) -1.3% premarket on some comments from Dahlman which note potash inventories were up another 500K MT in January to levels last seen during 2009's cratering in demand. The group says with China and India not taking deliveries and U.S. buyers sidelined, look for pressure to build on the fertilizer's price. 1 Comment [Commodities, Quick Ideas]
Tuesday, January 31, 2012, 12:45 PM Goldman Sachs downgrades Intrepid Potash (IPI -5.9%) to Sell from Neutral, noting concerns that "further production cuts likely needed in order to balance the [potash] market," and anticipating the potential for downward Street EPS revisions. Goldman also downgrades Potash (POT -2%) to Neutral for similar reasons. Comment! [Commodities, On the Move]
Thursday, January 26, 2012, 6:55 AM More on Potash's (POT) Q4: Cites global economic concerns and typical seasonal slowdown as crimping demand. Realizes gross margin of $486M, down 9.3% Y/Y. Expects total shipments in 2012 of 55M-58M tonnes. Sets 2012 EPS guidance at $0.55-$0.75 for Q1 and $3.40-$4.00 for full year. Shares -5.4% premarket. (PR) Comment! [Earnings, On the Move]
Thursday, January 26, 2012, 6:39 AM Potash (POT): Q4 EPS of $0.78 misses by $0.10. Revenue of $1.86B (+2.9% Y/Y) misses by $230M. Shares -2.5% premarket. (PR) Comment! [Earnings, On the Move]
Thursday, January 26, 2012, 12:05 AM Notable earnings before Thursday's open: ABC, AME, AN, ARG, AVT, BAX, BC, BLL, BMY, CAT, CELG, CL, CNX, COV, CP, CY, EQT, ESI, ETN, FNFG, IVZ, JBLU, JNS, KMT, LMT, MJN, MKC, MMM, MWW, NOK, NUE, ORI, PCP, POT, RTN, SHW, T, TWC, UA, UAL, VLY, [[ZMH] Comment! [Earnings]
Wednesday, January 25, 2012, 5:30 PM Notable earnings before Thursday's open: ABC, AME, AN, ARG, AVT, BAX, BC, BLL, BMY, CAT, CELG, CL, CNX, COV, CP, CY, EQT, ESI, ETN, FNFG, IVZ, JBLU, JNS, KMT, LMT, MJN, MKC, MMM, MWW, NOK, NUE, ORI, PCP, POT, RTN, SHW, T, TWC, UA, UAL, VLY, ZMH Comment! [Earnings]
Wednesday, January 25, 2012, 5:27 PM Potash (POT) is doubling its quarterly dividend to $0.14/share. However, the hike only serves to boost Potash's yield to 1.2%. The fertilizer maker reports earnings before the open tomorrow. Comment! [Commodities]
Tuesday, January 24, 2012, 10:57 AM Potash (POT -2.8%) dips after JP Morgan cuts the shares to Neutral, citing high global potash inventories, slowing markets in North America and Europe and the inability to sustain price increases in Asia. 1 Comment [On the Move]
Friday, January 20, 2012, 1:49 PM The Indian government has approved a subsidy cut for fertilizers and phosphates, but is maintaining current subsidy levels for urea, according to a local paper. Goldman sees that as a negative for Mosaic (MOS), Potash (POT), and Intrepid Potash (IPI), but a positive for CF Industries (CF). (previously) Comment! [Commodities, Quick Ideas]
Thursday, January 12, 2012, 9:57 AM Agriculture stocks open lower following the USDA's supply/demand report, which is slightly negative for grain prices due to an expected increase in global wheat and corn inventory levels. Fertilizer stocks: POT -4%, CF -3.9%, MOS -3.7%, IPI -3%, AGU -1.7%, RNF -1.2%. Seed names: MON -0.3%, SYT +0.3%. Farm equipment:AGCO -3.2%, TITN -1.7%, DE -1.5%, CNH -1.3%. Comment! [Commodities, On the Move]
Tuesday, January 3, 2012, 1:00 PM Potash (POT +4.9%) moves up after Susquehanna raises its rating on the shares to Positive on valuation, citing expectations for an increase in domestic corn acreage planting. Comment! [On the Move, Commodities]
Friday, December 30, 2011, 12:21 PM Fertilizer companies end the year deep in the red, reversing last winter's big gains made amidst QE2, booming grain prices, and seemingly insatiable foreign demand. Cargill's unloading of its stake in Mosaic in January for $24.3B did indeed ring a bell for the sector. YTD: MOS -34%, POT -20%, AGU -27%. Introduced in May, the fertilizer ETF: SOIL -20%. Comment! [Commodities]
Thursday, December 29, 2011, 9:51 AM Mosaic (MOS -2.3%) shares slide following yesterday's announced curtailment of phosphate production due to oversupply and pricing. Other ag stocks that may see volatility on the news are holding up reasonably well so far: POT -0.6%, AGU -0.5%, CF +0.2%, IPI -0.6%. Comment! [Commodities, On the Move]