Agrium (AGU.TO)

Likes the long-term prospects for producers who feed the agricultural space. Likes this one but it is not a stock he would buy or could recommend because he does not cover big stocks. You could own this as a long-term player. Good reserves and has a good business plan.

Tomorrow is the last day for their Dutch auction. He is looking to sell some of his holdings at this price. Expecting a good 4^th quarter. He would be a seller at around $115.

There will probably a downer after the Dutch auction. If you own, consider taking some profits. Otherwise, it is a longer-term hold.

(Market Call Minute.) You definitely tender to the Dutch auction and he expects there will be a big drop in the price after the auction is over.

(Market Call Minute.) This is a tough one. They have a Dutch auction coming at $107 next week. He has a one-year target of between $115 and $120.

Primarily nitrogen which is a nutrient that has to be applied annually. Corn prices have shot up because of a low harvest and corn is a very nitrogen intensive crop. Likes their retail business, even though it is a lower margin business, because it is stable and will provide a buffer if nutrient demand falls. Her target is around $120.

Would he tender his shares: They have benefited from low gas and high corn prices. A massive spread. This is not the time to buy this company. Will probably grow, but everyone knows that gas prices are low and corn are high.

This is in a good sector and very well-positioned to benefit from Viterra assets which it is acquiring. Company is currently having a Dutch auction but he wouldn’t sell into it. The fact that they want to buy back stocks is not a bad thing.

(A Top Pick Oct 4/11. Up 45.96%.) Still likes. Emerging markets and food demands are reasons he likes. Has a target of $120.

If you are a long-term investor, this wants to go higher. The group is in favour.

Likes the sector. Having a Dutch auction with a low price of $95 and a high price of $107. Very often after a Dutch auction, you will see a pullback in the stock but he thinks this will be short lived.

Drought in the US will have some major effects on the food side. A lot of the farmers had drought insurance so they are taking in quite a bit of money right now and are booking orders for fertilizers. Has it as a “Neutral” with a target of $101.

A favourite name of hers in agriculture. Had a really good run with rising corn prices. Sees it as a long-term very attractive play with a target price at around $115 in 12 months. Near-term there could be some uncertainty. There is a debate as to how much nutrient will actually be needed in the US because of the drought. This should affect this company less because their main input is nitrogen.

Looks pretty solid above the $95 level. You can Buy it now, use $94 as a Stop and he thinks you will see it back over $100 again. $100 is going to be a small resistance point for it. Looks very good.

Done very, very well. Drought has impacted corn. Nitrogen has been the nutrient of choice here. Gas prices are very, very low and they are the largest input cost. Has a little of that take-over appeal. He has looked at it but the dividend has always been an issue. At today’s prices he would not look to buy.