Barry Isaacs

The Real Reasons Fertilizer Stocks Are In the Dirt

Free cash flow. Nothing fancy. Just walking around money. The AG stocks that have gotten their share prices destroyed nevertheless essentially print money and they will continue to. Every one of them could just buy back their public stock relentlessly followed by massive dividend payouts when the growth slows. PCA has already begun to do this with successive 5% repurchases and Agrium has just announced its 5% program. MOS will likely follow. What better use of their money can there be when their stocks are so dirt cheap? I believe these stocks will be back, big time.