Friday, December 20, 2013
Potash Corp (POT)
The shares in this global giant of agricultural materials have fallen dramatically from highs of $60 down to today's $30. This is because the global potash market has been in turmoil over a risk of flooding the market with product and driving down prices. I think that the risk may well be overplayed and that POT makes a good investment. A $27bn company paying 5% dividends in a filed that will experience growth cannot be long ignored, take a look at Monsanto at a 10 year high point based on similar markets. Yes Monsanto is at the top of its game but POT is oversold I'm sure.