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TSE:AGU

Agrium (AGU.TO)

PAST TOP PICK
(Top Pick Jan 29/2010, Up 53.86%) Moved in tandem with Potash through most of the year. If you want only one agriculture stock, this one has everything. Not over valued.
BUY
Winter is seasonally weak for these stocks, but from a general market point of view he expects a pull back on this one. It is at a pretty reasonable valuation. Likes the company and the way it is conservatively managed.
BUY
Fertilizer stocks are just beginning their run and can only see increased demand. Very much a growth stock. Now in Australia, which balances them off regarding seasonality. Expect they will be able to sell of the grain distribution part.
PAST TOP PICK
(A Top Pick Dec 23/09. Up 27.45%.) Still likes.
HOLD
Outlook for fertilizer and agriculture stocks is quite good.
BUY
Agriculture space is something you want to own. China’s food prices increased by 10% in October. Can probably reach new highs.
HOLD
On the cusp of showing excellent sales. Agriculture sectors in various parts of the world haven’t been using fertilizers, particularly in China. Corn belt in US had very mediocre yields, so expects their will be more demand there.
COMMENT
Pulled back a little today because it was a negative commodity day. Relatively good entry point. Could go sideways. Likes the fundamentals.
SELL
Had a really good move since August. Still having a hard time seeing more than 5-$6 earnings. It is more expensive than POT-T. Would prefer an ETF like MOO for agriculture exposure.
DON'T BUY
Quarter was not great. Stock had run up a lot. Hard to recommend buying this stock at this value. One of his top picks is based on this.
BUY ON WEAKNESS
All fertilizer stocks rose when BP bid on Potash (POT-T). Corn prices in the US have gone up because of declining inventories. Made a bid for the Australian wheat board. Also want to expand their retail side.
HOLD
Has been moving up very strongly but wouldn't step into it right now. A seasonal stock and this is the time when agricultural businesses by fertilizers.
WAIT
He has owned it for some time. It just had a good run and pay pause for a bit. There are 2 billion people coming in to the middle classes and will want a better quality of food. Take a 3-year view.
BUY ON WEAKNESS
A way to get exposure to agricultural sector. Longer-term, a great play. Currently space is quite heated up so some stocks have had a decent run so wait for a pullback.
BUY ON WEAKNESS
Would like to start buying and to do so in the mid-60’s. This doesn’t have the same types of assets as POT. More of a retail space. Believes in the fertilizer space.
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