Nutrien Ltd. (NTR.TO)

He got stopped out. He's a big believer in stop losses, so that little mistakes don't turn into big ones. Seasonally, this is when NTR tends to start doing a bit better. Ag commodity prices have been firming up. He doesn't buy turnaround stories on price or situation, but if you already own, probably hold.

Recent weakness in share price presenting a good opportunity for investors. Shares priced at approximate book value. Excellent value for long term investors. 

Lots of bad news already in that space. Stock price is more towards the bottom.

Sold on trend breakdown. Lower highs and lower lows, peaks and troughs getting lower and lower. Still in downtrend. He'd be interested if starts to consolidate. If last peak is taken out to the upside, proof that no longer in a downtrend. But right now, don't re-enter.

Technical chart shows a falling price with lower lows, lower highs. Below 200-day MA. Soft commodity prices. Volatile on demand and pricing. Avoid for now. Long-term, less land so productivity per acre will matter.

He has owned it through its rise and fall. It has very cheap access to natural gas. If you have it in your portfolio you could sell some if it gets to a 6% holding and then buy back if it gets down to the 3% level.

Stock's still not cheap despite its fall. 14.8x 2024. Modelling no growth. Whippy. Buy a bit. Writing a put is an excellent idea -- why not oblige yourself to own it at $62-64 for 3-4 months, and take in some really nice premiums.

Half of the business is in retail which accounts for the 4% dividend. The other part is a call on potash prices which are down substantially but should do better in the long term.

11x earnings, yield of 4%. Oligopoly. Russia-Ukraine war increased price of potash in 2020. It's really a commodity business, too volatile, he wouldn't own. There may be too much potash at some point.

NTR is highly cyclical, and investors are worried that China's slowdown will continue to impact contract pricing. But at 11X earnings, with a 4% dividend, we think it is attractive for investors with some patience to ride out the current downturn. 
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Has no idea when it's going to bottom. Whole farm sector's had a rough time. Company's not going away. There will be a turn. Wouldn't be surprised if this turned out to be one of the best TSX performers in 2024.

Owns shares in company. Recent share price weakness not a concern. Nature of business strong. Would recommend holding. 

Recent weakness in share price, not good for momentum. Seasonality a factor - would wait to buy in summer. 

Technically, good time to buy. No justice in this business, so just because it's oversold doesn't mean you're going to get rewarded. Around $60 is good risk/reward. Nice dividend. He's looking at it. 

Fundamentals will improve over time. Like putting mail bags out for the train back in the day, you didn't know when the train would come, just that at some point it would.

NTR is one of the larger Canadian stocks in Canada, at a $34B market cap. It pays a 3.1% yield, trades at a cheap valuation of 10.6X, however, its forward earnings and sales estimates are fairly muted. Fertilizer prices have been coming down, and this has put pressure on the stock. We expect potash prices to stabilize in the coming year or more, and with NTR's strong free cash flow generation and good management team and balance sheet, it can benefit from a stabilization or even potential increase in potash prices. 

Over a long period of time, we would be comfortable buying and holding NTR at these levels given its industry-leading position in the space. We believe some patience will be required, though.
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