Nutrien Ltd. (NTR.TO)

Analysts had the new entity valued around $72. He thinks the forward outlook remains mixed. He would be a holder at best at this point. He thinks there will be the chance to repurchase in the mid-$60s in the next six months.

Hold in their client portfolios and likes the company and continues to hold it. She likes the long term growth prospect. They are a big producer of potash and nitrogen. They had a big beat in their last report. Are a fertilizer company and they have retail stores for the farmers. There is a lot of growth potential. Also want to expand retail platform to Australia and Brazil. They have a lot of cash flow from sale of certain assets to grow their retail.

Trying to work through recent merger and cost synergies. Long-term theme is the growing population, and growing middle class in emerging markets. Demand for fertilizer this year is outpacing last year’s. $71 is a good entry point. Yield is 2.8%. (Analysts’ price target is $78.96.)

The company sold off after the merger and has come back up. The valuation level might now be a bit too high. There are only so many places where you can get potash. He sees it as a national champion asset in Canada. He thinks this is a good quality company.

(A Top Pick July 28/17 - Up 2%.) Still likes it. Balance sheet has strong firepower. Modeling 25% earnings growth. Going higher from here.

She owned Agrium and held onto it when it merged into Nutrien. She thinks prices of potash are low and will rise. She likes their retail presence and their plans to expand this in the US and Australia. This provides a more stable revenue stream. Nutrien is also creating private label products which offer higher margins.

Buy now or in the fall? Not really happy with the marriage, liked them more as independent companies. Good asset distribution around world is bound to grow, well run, good resource potential. Doesn’t know about seasonality. There’s a fly in the ointment regarding tariffs. For example, soybean prices are at 10-year low. Be a little bit cautious now. Anything that affects price of basic food commodities will affect the demand for fertilizer. Yield of 3%.

It turned at $55 and he missed it. They are getting the benefit of capacity that has not come on. There is demand around the world. They are winning. This is an investible company rather than a trade. It is a good core holding. It benefits from the lower Canadian dollar.

Based on the merger of Potash Corp and Agrium. This is a commodity that he feels has upside potential – both potash and fertilizers. Earnings estimates on the street, he feels, are underestimating the potential. Yield 3%. (Analysts’ price target is $74.90)

It stumbled after the merger. The stock bottomed in late-February. It's an okay stock. That's all. It's risen on the backs of commodity prices, but it's trading at 23x current earnings which is too rich for a commodity play. Also, we don't know where it fits in the new tariff world. Trim if you own it. Don't buy.

The chart looks very well, close to all-time highs. The volume is okay. Continue to own it and see what happens if it rises. Hard to recommend. Maybe ride out the storm and see what happens.

The combination of Agrium and Potash Corp. They have a high ROE and a good history. He recently sold of his position. They see the company as a price taker and he would rather own companies that are a price maker. He thinks there are better opportunities out there.

It's had a poor start after the merger, disappointing investors. They've achieved some cost savings and efficiencies, true. You're buying this for the long term, and he forsees a 10% gain over 12 months.

The merger has created a giant in North American fertilizer. The stock has moved up because oil and corn have; corn is ethanol which competes with gasoline, and potash (Nutrien) fertilizes corn. NTR pays a decent dividend, but doesn't offer much revenue growth and he doesn't see demand around the world rising--corn prices are down. Farming
isn't as profitable as it used to. Hold if you own it, but don't run out and buy this. There's an oversupply of potash.

(A Top Pick September 29/17 - Down 4%.) The merge of Potash and Agrium. A commodity play as they were bullish in commodities coming into this year. Fourth quarter tends to be the quarter when farmers tend to put their orders for fertilizers.