podiddly

Ten Reasons Why I'm Waiting to Buy PotashCorp

I concurr with the first comments by Will and Ross. The "10 negative reasons" look mostly dated, based on negative hypotheticals or some doom and gloom concerns of world wide decline and depression. A consensus of current analysts (July 2008) cite the stock's current value above $300. (UBS, for example DOWNGRADED POT's 2008 target price at $308; while other analysts have it above $350 and Vector Vest states POT's "current value" at $425.00 (USD), based on an extensive dissection of all financial and operational fundamentals, current to July 24, 2008. If the stock falls to $170-$175, I agree it will be a screaming BUY...and I recognize that such a fluctuation is not only possible but also a recent occurance...when POT hit $179 for about two seconds on the 24th of July. In any event I will add to my position aggressively below $220.00 which I think is far safer, long-term, than, say financials these days.