LT Investor

RBC Analysts Expect Potash Corp. Stock to Double

I too bought in a few wks ago - too early! It seems the POT bears' main argument is slowing global economy/demand (and the workers' strike if it doesn't end soon), and POT bulls mainly argue that potash prices will go up (i.e. fundamentals of fertilizer business). It seems obvious both points have merit. But which of the opposing factors will "win out"? If potash prices keep going up that much (from ~$500 to $1000 per tonne), will the farmers of the world just accept this? Is there a point where farming certain crops doesn't make sense anymore?

Also nervously long on POT.