Nutrien Ltd. (NTR.TO)

Complex company in a complex situation. Well run. Potash drives everything, and now prices are lower. Low-cost operator BHP is coming in, and that's the unknown. It'll cause price pressure. He wouldn't go there.

Likes it at these levels and potash prices look firm. They have great retail operations, and trades at 7x operation cash flow and are buying back shares. Have growth sooner than later.

It spiked after the outbreak of the war in Ukraine but has fallen back. More fertilizer supply coming on is a concern. Also the economics at the farm level are somewhat challenged and Nutrien has retail outlets that sell to them. He does not see a catalyst for the stock at this point.

It is cyclical and moves with farm and food prices. The farm cycle is down and he doesn't see much money in it now except for the dividend of 4.4%.

Biggest fertilizer producer in the world. High quality. Shares have pulled back nicely, potash price has really come off. Interesting entry point. Strong balance sheet, plenty of profitability. Buy now, add if further weakness. Nice yield of 4.1%, above the TSX market.

2022 very profitable, but cyclical business. Commodities tend to go up and down, but is a stable business overall. Dividend yield is safe and compelling. Would recommend holding, and waiting for share price to fall before buying. Strong name and management team. 

Started to recover earlier this year, but the trend has broken. Looks to have support around $64-65. Seems to be in a range of $64-80.

Very well run, optimizing costs. But the elephant in the room in BHP and potash. BHP will go ahead with their potash mine, similar to Nutrien's, so this makes potash pricing very uncertain for the medium term.

NTR mentioned it is turning to AI, and more so automation, to help with increased efficiency and reduce workplace injuries for its employees, and that it will spend $15 to $20 million per year over the next 10 years to make this a reality. We feel the market mostly ignored this as it seems to be more of the use of 'automation' rather than brand new AI tech, and for now the improved efficiencies are not quantified but the annual investment cost has been quantified by the company. 

The company is still in the bottoming process from its large decline over the past couple of years, and we would be OK slowly accumulating a position here, and seeing if price can hold in this mid-$60s range. 
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They own for the retail, agricultural side not the commodity side. The dividend of 3.8% comes from the agricultural side.

One of those quintessential companies. Everyone has to eat, population is growing. Wonderful distribution system and retail brand. Seeing demand pick up. Hopes we've hit cycle low point, earnings should accelerate. Likes the dividend.

Does not own shares at present. Strong company, but waiting for share price to fall. Demand for products very cyclical - difficult to predict outcome of business. At some point, demand for fertilizer will grow. Expecting a higher share price going forward - just unsure when. 

Canadian champion. Significant market share around the world. Quality. Would own again at the right price. Impressive profitability, strong balance sheet, good yield of 3%. Valuation is really starting to look attractive. Buy now, enjoy yield, hold it for the long term, get price appreciation as well.

Agriculture has been challenged lately due to weak commodity prices. There are signs that buying is increasing; farmers can't defer buying fertilizer forever, but this price recovery will take time and eventually NTR will benefit.

Not a good trend (downwards). However, institutional accumulation of shares is good. If stock price starts to rise, would indicate trend reversal. Expecting strength down the road. Would recommend for the long term investors. Not a good trend in the short term.