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TSE:AGU

Agrium (AGU.TO)

DON'T BUY
One simple edge on POT in that it is diversified. There are other stocks he would buy. He finds it a bit difficult, but it is not doing badly, really.
COMMENT
Probably the best run, large cap agriculture company in Canada.
DON'T BUY
$87.17 model price, 6% upside, all kinds of downside if something were to happen. If it broke through $75.50 he would sell.
HOLD
Has a strong seasonal space coming up in about a month. These fertilizer stocks are quite volatile. Unless you see it break below $70, hang on to it.
COMMENT
Terrific company. Expanding their global reach. His target is $111. Great future. Is it a Buy? Depends on your view of the market. Probably a good entry point.
COMMENT
Uses seasonality to buy and sell stocks. He likes to sell stocks on a Friday and buy on a Monday.
BUY
Had a very nice move through 2009 with a correction in 2010 followed by a nice rally. Now going through another correction and is now waiting for it to break out. Very close to its 200 day moving average. Not a bad buying opportunity at this point.
BUY
Likes agriculture. Sees excellent short-term, medium-term and long-term growth for fertilizers. Globally there is a shortage of food. Rain conditions have flooded many areas.
WAIT
Historically you want to own agriculture in the fall and early winter. Spring and summer can be a little bit less attractive. Very strong cash flow. There is a catalyst coming this week with Mosaic (MOS-N) having a big block of shares becoming available. (He is Short on this stock.)
TOP PICK
Great entry point. It sold off since they announced their earnings and since they have had to battle with the wet weather. First Q results were cautious in guidance. Expanded operation internationally recently.
TOP PICK
Pulled back to point where it is trading at 14x earnings. Likes whole Ag space. This is about 25% cheaper by multiple than POT. A little potential of it being taken over.
BUY
Going forward, fertilizer companies will do very well over the long term. Agricultural needs are not going to let up any time soon.
BUY
One of his top agricultural holdings. It’s about feeding 7 billion people. Agricultural land on a long term basis is one of those things that will be needed.
PAST TOP PICK
(Top Pick Apr 19/10, Up 45.15%) If you were going to buy just one agri-stock this is the one. China and India demand continue as they continue to want more protein in their diet.
BUY
Trend is still up. Looking at a Point and Figure, it looks perfect.
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