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TSE:AGU

Agrium (AGU.TO)

DON'T BUY
Avoid the heard mentality. Even with 3-5 year horizon, hold off because commodities will continue to be depressed. Trading at very high multiples.
BUY ON WEAKNESS
Near term, he expects a pullback. They can start to grow into their earnings and next year's earnings should be better. You are buying a future stream of earnings. Would be comfortable owning it about 8X earnings as opposed to 10X or 12X where they are trading now. Could pullback another 20%. Expects flat money in the next year.
BUY
Model price is $109.36. (This model price is updated daily on his website so you can track it on your own.)
TOP PICK
Cheapest between Potash (POT-T), Mosaic (MOS-N) and itself with only an 11% decline in 2010 over 2009. (Doesn't believe there will be declines.) Expect there will be higher input costs for all these companies.
WATCH
Currently there is a correction in agriculture. Thinks pricing will remain firm for the commodity itself. From a technical standpoint, you wouldn't want to see a trade much below $76. Would like to see the stock turn first before he bought.
HOLD
Heavily weighted towards nitrogen. Also weighted towards retail across the US when it acquired the largest distribution company.
COMMENT
Recently bought a US retailer allowing them to diversify. With fertilizers being so high, they are making a lot of money.
BUY
Fertilizer complex is still one of the areas where earnings are very strong. Potash (POT-T) just reported excellent earnings with nitrogen being the strongest area. Agrium is primarily a nitrogen producer. He expects them to beat earnings substantially. It will at least go back to its old high.
BUY
Likes the action right now. Thinks it has reached a bottom. Very strong support at $86. Looking for it to break above $100. If it does that with conviction, you should see new high, probably in the next 4 or 5 months.
TOP PICK
(A Top Pick March 26/08. Up 30%.) Primary product is nitrogen and expect fantastic results.. Estimated earnings is $`1.69 a share and think they will blow through that. Food shortage story is not going to go away.
BUY
Prefers over Potash (POT-T) as they are having some minor labour difficulties.
HOLD
We are in a very bullish market now for agriculture. The need for fertilizer is way up. PE ratio has been stretched given the growth rates. Likes the company and the space.
COMMENT
Recently acquired UAP and the very strong market position they are starting to develop helps them to weather some of the volatility and commodity prices. Very well managed and very stable. If you own, might not be a bad idea to take some profits.
COMMENT
Not a pure play in any one commodity, which he likes. Have a bit of potash, phosphate and nitrogen. Just made an acquisition making them more of a retail company, which should diversify away from the risk.
BUY
Strong potential. Being driven by the rapid demand for the increase in commodities. Also the rapid demand and putting more land under the plow. Longer-term prospects are solid.
Showing 571 to 585 of 756 entries