nycDem

Potash's New Hit Highlights Fertilizer's Risks

TraderMark, I appreciate your thoughtful analysis. I had been waiting for over a month for a dip to buy into this sector. I got my toes wet today. My general understanding of this sector is that the forward P/E's of many of these companies (POT, MOS, CF, etc.) are still rather modest given the price-hedging of their product to their buyers over the next year. Is this a correct assessment?

It will be interesting to see if this is another dip which springboards us higher (like Mid-March) or if the downturn will be more severe.

Either way, I'm prepared. If the sector falls further, I'll purchase more. If it goes up, I'll enjoy my modest gains.