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  • Potash Corp: 5 Fundamental Reasons To Buy [View article]
    thanks for the report. I noticed that potash was 57% of POT's GM (gross margin) in 2012. I'm not sure how this reconciles with you saying potash is only 20% of POT's revenue. Is that pro-forma projections?

    It's incredible to me that BHP was attempting the Jensen project at $2000 per ton since potash prices peaked at $900.

    Jeremy Grahtham and other have said that Morocco has huge reserves. Anybody know why Morocco isn't developing their reserves? How would one explorer more about this Morocco thing? I suppose if Morocco floods the potash market, potash prices could possibly collapse?
    Sep 3, 2013. 08:43 PM | Likes Like |Link to Comment
  • Does Bruce Berkowitz's Sears Math Add Up? Do Your Own Diligence [View article]
    tax rec can be inaccurate, I agree. I even agree with some uncertainties you point out, which each investors should decide for themselves. But then, if there weren't uncertainties, confusion, risk, taboo, or complexity, there wouldn't be a bargain.

    IMO, it's unlikely the RE is worthless or even very little, whether it's owned or leased. I personally sold my business to my landlord bc I had a LT lease and the landlord wanted do demolish the space and do something else with it. Of course, this d/n mean this situation applies to all Sears properties.

    I think the other assets like KCD and inventory make it unlikely that you will lose money and you have some potential upside on RE. There's nothing wrong with being skeptical on valuations, even on Berkowitz. That's what investors are supposed to do.
    Jan 31, 2013. 06:12 AM | 2 Likes Like |Link to Comment