golds

Are Dividend Growth Investors Idiots?

Your portfolio or asset mix all depends on where you stand in life. If you are retired and your dividend checks are more than covering your cost of living (plus FEDlation) then you really are not missing much. With the market in it's current phase you are looking pretty smart. At some point you realize that life is more about how you spend your time than adding to the pile. Once your children are educated or maybe even funded you should try to find some enjoyment before your ticket gets punched and the big boss calls you to your final meeting. Some even believe that you should spend time helping those that have drawn bad cards (karma ect). When I was a younger man I viewed life as a war of survival. As time goes on these ideas still linger but my mind opens a bit more everday to the concept of walking instead of running. If your not careful money will become your master instead of your servant.

Potash/Fertilizer Industry: The Week That Was

Potash-POT: Sinofert says they will have a 3M shortfall, a positive for POT@BMOC
May 6, 2008 10:44:00 AM
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BMO Capital said Sinofert Holdings, the largest distributor of imported fertilizers in China, expects a 3M ton shortfall in China this year. The firm views this as positive for POT and pricing.

3,000,000 tons shortfall.

IPI the largest US supplier only makes 980,000 tons at full capacity !

Pot is going UP UP UP.

Intrepid Potash IPO: Soaring Shares Signal Fertilizer Bubble?

Those of us who have truly done our homework know we are currently in at around retail pricing with a 22 pe and are speculating that potash/ton prices will go up. We are in at $500-550/ton so to speak. The underwriters would be drinking and eating well tonight if this wasn't only 1 of 3 decent deals to hit the market this year. In this case I believe this retail price will turn to wholesale soon enough.

RECENT COMMENTS:
Potash-POT CEO says forecast does not include $1,000/ton for Potash-Bloomberg
Apr 24, 2008 1:34:00 PM

Follow-up: Potash markets remain essentially sold out@JPMS
Apr 23, 2008 2:04:00 PM
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JP Morgan said potash price of $1000/mt will likely provoke a customer response but that global potash markets are essentially sold out. The analyst believes a more more measured pace of increases will smooth customer acceptance.

Citigroup said BPC/Russia raised potash prices to $1000/ton from a recent spot price of $750/ton effective July 1. The firm expects North American producers to follow.

Anything over $550/ton puts IPI investors in the money. Think Q2-Q3 08. We haven't hit North American planting season yet.

Best Regards