PotashCorp (POT.TO) Buy, Sell or Hold

PotashCorp (POT.TO)

0.00

-0.00 (0.00%)

173 watching

DON'T BUY

Splitting 3 for 1. Loves agriculture and thinks its got lots of room for the longer pull put numbers have gotten ahead of itself recently. Sold his holdings and would look to reposition himself during a pull back.

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DON'T BUY

Had a 3 for 1 dividend split. Great company long term in helping to meet the long-term food requirements of the emerging countries. Very fully priced. Would prefer Agrium (AGU-T), which is cheaper and (according to his numbers) will give a 13% total return this year.

COMMENT

Just announced a 3 for 1 stock split and a dividend. Stock has been acting well and the outlook for potash is good.

TOP PICK

Sell January Calls with a strike of $145 for $3.95. Collects a premium of 2.75% profit for 30 days. (Better way to get income than owning bonds.)

PAST TOP PICK

(A Top Pick Nov 30/10. Up 3%.) Short Potash Puts @$140. 3% for the month. Ended up owning which he was happy to do.

PAST TOP PICK

(Top Pick Aug 4/10, Up 45.34%) believes in the long-term story. The bid brought the name into the household.

TOP PICK

(Top Pick Jan 29/10, Up 44.34%) The demand for food will continue to increase. You want to go for a company that has strategic reserves. Potash rocks only occur in 3 places in the world. People who own strategic rocks have strategic value. You can expect it to do well, double in the next 5 to 10 years.

SELL

Coming into winter is not a great time to be buying agriculture companies. Also, when their deal did not go through, it probably built in a lot of sellers. Also there could be some tax loss selling.

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TOP PICK

Short Potash Puts @$140. 3% for the month. He is willing to own Potash at this price and for 3% on top.

DON'T BUY

14 X gross multiple is the historical value but currently at 17X plus. Didn’t’ like that they wanted to borrow to Buy back shares.

BUY

Growing their production organically over the next 3-4 years.

TOP PICK

This is one that he trades in and out of quite a bit. Premier potash name globally. Attractive valuation. Just announced a $2 billion share buyback. Wants to Buy in the mid-$130 but if it continues to move up he may have to change his thinking.

HOLD

Now fairly valued. Good long term Hold, but don’t expect anything more than a normal stock now. Probably $160 a year from now.

BUY

He never buys a stock on the hope of a take-over. Don’t worry with this one. The bid was low. The fundamentals in Agriculture are good and the stock will probably go higher. It will take time for the take-over collapse to work itself out of the stock. It won’t go down any more after the 30 days. Keep in mind it is a cyclical stock.

DON'T BUY

This could be an out for BHP. No body else was stepping up to the plate. He is surprised the stock didn’t drop more yesterday. Thinks there are other areas that look a lot cheaper.

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PotashCorp (POT.TO)