Explore achieving a goal of good annual growth through investment in technology and turnarounds.
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.
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