Summer Sale

50% off Premium Yearly

00days
00hrs
00mins
00secs

TSE:AGU

Agrium (AGU.TO)

BUY
Trading below 10X earnings and think it should be closer to 15X.
COMMENT
Thinks the forecast for 2009 is in the double digits. Have increased their guidance 2 quarters in a row Outlooks for grains is outstanding right now. Prefers this one to Potash (POT-T) as it is cheaper.
TOP PICK
More upside than Potash (POT-T) because of a more diversified fertilizer base including potash, phosphate and nitrogen. Massive retail system through US and Canada and expanding into Europe.
BUY
With food inflation there comes a demand for higher yields. Those demands are global. Potash (POT-T) and Agrium (AGU-T) are in enviable positions because there is very limited supply currently and they have pricing power. (Also likes Mosaic (MOS-N).)
BUY ON WEAKNESS
Think agricultural stocks are due for a correction. Quite expensive relative to their outlook. Would try to buy at $90.
DON'T BUY
Agricultural stories are very old ones and he doesn't like old stories. You want to arrive at parties early and this one started 2 or 3 years ago. Currently at the top of its channel and you want to get involved at the bottom of the channel. The danger is, the lower channel it eventually gets broken. Would be careful and let it settle down a bit.
DON'T BUY
(See comment “Agriculture”.) The easy money has been made.
BUY
Among his Top 10 favourites in Canada. Getting relatively expensive on a traditional valuation basis. He looks at if a company’s profit growth is more than keeping up with its performance. This and Potash (POT-T) both look fantastic. The moment you start to see erosion in profit growth, there will be trouble with these names.
DON'T BUY
Has appreciated significantly in the last year. One of the higher quality ways to play the agricultural theme in Canada.
HOLD
(Market Call Minute.) If you are looking to buy, wait for a lower entry point.
BUY
Near term momentum is coming from an absolute global shortage of fertilizer. Much of the US Midwest is under water. Crops had been planted and fertilized. Fertilizer has been running off. Will be replanting and re-fertilizing once water recedes, creating even more shortage.
BUY ON WEAKNESS
Recent guidance was pretty stunning. At current prices they would earn $12 in the next 4 quarters. Means it is trading at 8.5X forward earnings. A Buy at $90.
COMMENT
Comes up well in a quantitative sense. His model price was $94.02 before the announcement of their big earnings.
BUY ON WEAKNESS
Has been a great performer. Stock took a jump today based on the company's increased guidance for Q2. Had an 8% move today so would be a little careful. There is some concern on this year's crop in the US.
DON'T BUY
Investment has been great and earnings are expanding at huge double digits. If you own don’t let your percentage weightings get too large. You could buy a small portion to play with and in the doubles in price, take some profits.
Showing 586 to 600 of 756 entries