PotashCorp (POT.TO) Buy, Sell or Hold

PotashCorp (POT.TO)

0.00

-0.00 (0.00%)

173 watching

BUY

Agriculture is a part of the market that is garnering a lot of interest. Seasonality, spring and summer seem to be a pretty good time for these stocks. (See Top Picks.)

PAST TOP PICK

(A Top Pick June 3/08. Down 45.49%.) A little more cautious on the pricing scenario of potash.

WAIT

As a long-term hold, it is probably a good place to be. There may be a pullback this summer. Right now it is brushing up against resistance. Prefers Agrium (AGU-T).

BUY

Positive on agriculture. They control the pricing on potash.

TOP PICK

Controls a lot of potash product. Doesn’t see earnings improving until late this year and maybe next year. Demand is still there and should do very well once we come out of this downturn.

WAIT

Phosphate and nitrogen prices have dropped. Potash has been holding up and farmers are waiting for it to drop. Technically, it has broken its long-term downtrend and has been forming a nice ascending triangle pattern, which is a good sign. Seasonally, potash tends to go up from July/August. Would revisit this stock in July from a technical standpoint.

SELL

(Market Call Minute) Better to look for other opportunities in the agriculture space.

BUY

(Market Call Minute)

DON'T BUY

Should it be bought before earnings release? Sometimes you win with this strategy and sometime you lose. Regardless he would prefer another in this area. There is a great deal of uncertainty amongst analysts’ estimates.

WAIT

Is nothing more than a play on grain prices. Has no opinion on this stock. Thinks grain is cheap and may buy in next few days.

BUY

We are adding new mouths to the world every day and the agricultural sector is poised for longer-term growth. Earnings momentum is not as strong as it was in 2008 but the theory remains. If you are going to put an ag stock into your portfolio for 5 to 10 years this would be a core holding.

TOP PICK

Switched out of Agriun (AGU-T), which he still likes but thought this would perform better. World's largest fertilizer company and low cost producer. ROE growth is the 3rd fastest in the TSX in the companies he looks at.

HOLD

(Market Call Minute.) Agriculture space is looking very good in the long term.

BUY

In the long-term, the world has to feed 2 to 3 billion more people and the fertilizer producers are in an excellent position to do it particularly Potash (POT-T) and Agrium (AGU-T).

BUY

(Market Call Minute.) Likes the agricultural outlook for rural commodities.

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PotashCorp (POT.TO)