Nutrien Ltd.

NTR-T

TSE:NTR

54.66
2.01 (3.55%)
The Potash Corporation of Saskatchewan, also known as PotashCorp, was a Canadian corporation based in Saskatoon, Saskatchewan. The company merged with Calgary-based Agrium to form Nutrien, in a transaction that closed on January 1, 2018.
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Analysis and Opinions about NTR-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
February 14, 2020
He stays away from commodity producers and capital intense companies. They don't have control over the demand for potash and it probably won't go anywhere. They own agricultural business and potash. He would not buy here. Nothing wrong with the company but he is not interested in the business model.
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Nutrien Ltd. (NTR-T)
February 14, 2020
He stays away from commodity producers and capital intense companies. They don't have control over the demand for potash and it probably won't go anywhere. They own agricultural business and potash. He would not buy here. Nothing wrong with the company but he is not interested in the business model.
PAST TOP PICK
PAST TOP PICK
February 13, 2020
(A Top Pick Feb 13/19, Down 18%) Trade issues were a negative last year. Contract from China will be delayed due to coronavirus. Generating lots of free cash. Waiting for earnings next week. Longer-term play on emerging markets.
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Nutrien Ltd. (NTR-T)
February 13, 2020
(A Top Pick Feb 13/19, Down 18%) Trade issues were a negative last year. Contract from China will be delayed due to coronavirus. Generating lots of free cash. Waiting for earnings next week. Longer-term play on emerging markets.
COMMENT
COMMENT
February 11, 2020
A cyclical stock hit by the coronavirus virus (less Chinese demand). This'll do well if agriculture bounces back. Stick with this if you are long term like he is (he doesn't trade) where he builds a position slowly and averages down. He doesn't invest in commodities much.
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Nutrien Ltd. (NTR-T)
February 11, 2020
A cyclical stock hit by the coronavirus virus (less Chinese demand). This'll do well if agriculture bounces back. Stick with this if you are long term like he is (he doesn't trade) where he builds a position slowly and averages down. He doesn't invest in commodities much.
DON'T BUY
DON'T BUY
February 7, 2020
It's suffering like any company in the commodities space. As USD stays strong, commodity prices continue to fall. This impacts Nutrien's potash and other phosphates. They are holding steady in their retail business. The dividend is not under stress so you get paid while you wait. However, there's nothing on the horizon that commodity prices will improve so it's not the time to buy.
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Nutrien Ltd. (NTR-T)
February 7, 2020
It's suffering like any company in the commodities space. As USD stays strong, commodity prices continue to fall. This impacts Nutrien's potash and other phosphates. They are holding steady in their retail business. The dividend is not under stress so you get paid while you wait. However, there's nothing on the horizon that commodity prices will improve so it's not the time to buy.
BUY
BUY
February 3, 2020
He likes it and the entry point is well timed. Last year was a difficult year for them due to early frost and Nitrogen demand was weak. Longer term we are looking at an active consolidator. They have a long reserve life. They are not quite a price setter but they have good market share and can take supply up or down, depending on price of commodity. They buy back a lot of shares each year. He sees a resumption of growth this year.
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Nutrien Ltd. (NTR-T)
February 3, 2020
He likes it and the entry point is well timed. Last year was a difficult year for them due to early frost and Nitrogen demand was weak. Longer term we are looking at an active consolidator. They have a long reserve life. They are not quite a price setter but they have good market share and can take supply up or down, depending on price of commodity. They buy back a lot of shares each year. He sees a resumption of growth this year.
HOLD
HOLD
January 31, 2020
They have disappointed over the last couple of quarters. It has not rallied on the trade talks with China. The fundamentals still look good although weather has had a short term impact. He would continue to hold it. He likes their retail operations and the management team. He does hold a smaller position with them.
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Nutrien Ltd. (NTR-T)
January 31, 2020
They have disappointed over the last couple of quarters. It has not rallied on the trade talks with China. The fundamentals still look good although weather has had a short term impact. He would continue to hold it. He likes their retail operations and the management team. He does hold a smaller position with them.
BUY WEAKNESS
BUY WEAKNESS
January 31, 2020
He would hold off. It's a good, nimble company that has good strategies and takeovers. They have continued to go down, however. There is weakness in commodity prices, though they are good operators. They trade at a higher multiple than others. You could probably start to participate at these prices, but there are mixed feelings in the fertilizer sector. Last year there was a lot of problems that impacted farm income. The need for better fertilizer is still there so they will do alright in the long-run. You could average into this stock.
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Nutrien Ltd. (NTR-T)
January 31, 2020
He would hold off. It's a good, nimble company that has good strategies and takeovers. They have continued to go down, however. There is weakness in commodity prices, though they are good operators. They trade at a higher multiple than others. You could probably start to participate at these prices, but there are mixed feelings in the fertilizer sector. Last year there was a lot of problems that impacted farm income. The need for better fertilizer is still there so they will do alright in the long-run. You could average into this stock.
WATCH
WATCH
January 28, 2020
He's watching it. Nice dividend that typically grows. It's a gentle play on agriculture commodities, plus they have a retail arm. Assuming China buys ag products again, then looks ahead two years and you may be pleasantly surprised; this could outperform the market in the future.
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Nutrien Ltd. (NTR-T)
January 28, 2020
He's watching it. Nice dividend that typically grows. It's a gentle play on agriculture commodities, plus they have a retail arm. Assuming China buys ag products again, then looks ahead two years and you may be pleasantly surprised; this could outperform the market in the future.
BUY WEAKNESS
BUY WEAKNESS
January 27, 2020
It will be susceptible with what happens in China, which buys their product. It's had a significant downtrend since 2008, but equally negative to the S&P. You can take a half position now, but he expects this to move to $52-55. If it breaks below, then we have some serious issues. $52 is a good spot to take a risk.
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Nutrien Ltd. (NTR-T)
January 27, 2020
It will be susceptible with what happens in China, which buys their product. It's had a significant downtrend since 2008, but equally negative to the S&P. You can take a half position now, but he expects this to move to $52-55. If it breaks below, then we have some serious issues. $52 is a good spot to take a risk.
DON'T BUY
DON'T BUY
January 21, 2020
It comes down to demand from China. The price does not reflect the story, which worries him. It's in a down channel. He needs to see 3-6 months of base-building to convince him to step in. The street is too optimistic about NTR.
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Nutrien Ltd. (NTR-T)
January 21, 2020
It comes down to demand from China. The price does not reflect the story, which worries him. It's in a down channel. He needs to see 3-6 months of base-building to convince him to step in. The street is too optimistic about NTR.
BUY
BUY
January 14, 2020
She'd buy it now. Last year was disappointing for potash pricing, and the trade war also hurt NTR. The signing of the US-China trade deal, phase one, should benefit US farmers and NTR. The bad news is in the stock already. NTR's retail operations in America and Australia are performing well and are stable--she likes them. Will build retail in Brazil, too. NTR generates a lot of free cash flow after the Potash merger a few years ago to buyback shares, invest in retail and raise the dividend. Pays a 3.7% yield. Didn't rally with the market last year, but will have a better 2020.
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Nutrien Ltd. (NTR-T)
January 14, 2020
She'd buy it now. Last year was disappointing for potash pricing, and the trade war also hurt NTR. The signing of the US-China trade deal, phase one, should benefit US farmers and NTR. The bad news is in the stock already. NTR's retail operations in America and Australia are performing well and are stable--she likes them. Will build retail in Brazil, too. NTR generates a lot of free cash flow after the Potash merger a few years ago to buyback shares, invest in retail and raise the dividend. Pays a 3.7% yield. Didn't rally with the market last year, but will have a better 2020.
BUY
BUY
January 10, 2020

Reminds him of MFC of a few years ago--can't get out of its own way. There's potash oversupply. Weak global demand. NTR missed Q3 and lowered guidance. Suffered their worst-ever weather in 2019. Then there's the trade war. The bull argument is that NTR hasn't been this cheap in a long time, trading at 15x 2020; its retail EBITDA were up sharply last quarter. He feels potash woes will pass soon and NTR's EPS will rise 36% this year. NTR is buying back their shares and boast a strong dividend. This is a contrarian call.

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Nutrien Ltd. (NTR-T)
January 10, 2020

Reminds him of MFC of a few years ago--can't get out of its own way. There's potash oversupply. Weak global demand. NTR missed Q3 and lowered guidance. Suffered their worst-ever weather in 2019. Then there's the trade war. The bull argument is that NTR hasn't been this cheap in a long time, trading at 15x 2020; its retail EBITDA were up sharply last quarter. He feels potash woes will pass soon and NTR's EPS will rise 36% this year. NTR is buying back their shares and boast a strong dividend. This is a contrarian call.

DON'T BUY
DON'T BUY
January 7, 2020
It's been riding a falling balance sheet. Earnings look good at $3.99/share. The concern is that earnings have been sliding off. The company is trading at a discount to book. He doesn't see a driver that would push the stock forward.
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Nutrien Ltd. (NTR-T)
January 7, 2020
It's been riding a falling balance sheet. Earnings look good at $3.99/share. The concern is that earnings have been sliding off. The company is trading at a discount to book. He doesn't see a driver that would push the stock forward.
PAST TOP PICK
PAST TOP PICK
January 6, 2020
(A Top Pick Jan 15/19, Down 5%) It has been a tough year for farmers. It was one of the poorest planting seasons on record. See his Top Picks.
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Nutrien Ltd. (NTR-T)
January 6, 2020
(A Top Pick Jan 15/19, Down 5%) It has been a tough year for farmers. It was one of the poorest planting seasons on record. See his Top Picks.
TOP PICK
TOP PICK
January 6, 2020
He thinks this is one of Canada's few global franchises with a global brand out there. They just purchased another agriculture business in Brazil. The dividend is over 4% at these levels. The long term fundamentals are great. (Analysts’ price target is $79.52)
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Nutrien Ltd. (NTR-T)
January 6, 2020
He thinks this is one of Canada's few global franchises with a global brand out there. They just purchased another agriculture business in Brazil. The dividend is over 4% at these levels. The long term fundamentals are great. (Analysts’ price target is $79.52)
PAST TOP PICK
PAST TOP PICK
January 3, 2020
(A Top Pick Jan 03/19, Up 4%) He holds it as he believes farmers will continue to play catch up on plantings. Yield 4%
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Nutrien Ltd. (NTR-T)
January 3, 2020
(A Top Pick Jan 03/19, Up 4%) He holds it as he believes farmers will continue to play catch up on plantings. Yield 4%
DON'T BUY
DON'T BUY
January 2, 2020
The China/US trade situation is the main thing. In the 2021 crop year the farmers will have cash again to go and buy their products.
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Nutrien Ltd. (NTR-T)
January 2, 2020
The China/US trade situation is the main thing. In the 2021 crop year the farmers will have cash again to go and buy their products.
PAST TOP PICK
PAST TOP PICK
December 18, 2019
(A Top Pick Dec 20/18, Up 8%) Results were muted as the spring was wet for planting. Fall saw early snow and slowed demand. The thesis still stands, pricing will increase for potash and nutrients.
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Nutrien Ltd. (NTR-T)
December 18, 2019
(A Top Pick Dec 20/18, Up 8%) Results were muted as the spring was wet for planting. Fall saw early snow and slowed demand. The thesis still stands, pricing will increase for potash and nutrients.
BUY WEAKNESS
BUY WEAKNESS
December 18, 2019
Target price and the bottom? Don't look at this short-term. NTR is very well-positioned. The dividend is safe. Assets are in Canada, which is fine to be. A great dividend stock. Buy this when things don't look great.
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Nutrien Ltd. (NTR-T)
December 18, 2019
Target price and the bottom? Don't look at this short-term. NTR is very well-positioned. The dividend is safe. Assets are in Canada, which is fine to be. A great dividend stock. Buy this when things don't look great.
PAST TOP PICK
PAST TOP PICK
December 16, 2019

(A Top Pick Sep 17/19, Down 6%) They suffered a bit during the CN Rail strike, which idled some production, but he still likes it. Commodities are a lot shorter cycle and getting more vertically integrated and efficient. Outlook for their free cash flow growth is strong. Fairly cheap and pays a good dividend. Fine long-term growth, but a little volatile.

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Nutrien Ltd. (NTR-T)
December 16, 2019

(A Top Pick Sep 17/19, Down 6%) They suffered a bit during the CN Rail strike, which idled some production, but he still likes it. Commodities are a lot shorter cycle and getting more vertically integrated and efficient. Outlook for their free cash flow growth is strong. Fairly cheap and pays a good dividend. Fine long-term growth, but a little volatile.

BUY
BUY
December 13, 2019
Seasonal play? This is an attractive entry point -- at $62. She owns it presently. They are the largest potash producer and although potash prices have fallen, the company has curtailed some production for the time being. She likes how they are growing their distribution sales network. They are going to reinvest growing cash flow into their network.
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Nutrien Ltd. (NTR-T)
December 13, 2019
Seasonal play? This is an attractive entry point -- at $62. She owns it presently. They are the largest potash producer and although potash prices have fallen, the company has curtailed some production for the time being. She likes how they are growing their distribution sales network. They are going to reinvest growing cash flow into their network.
TOP PICK
TOP PICK
December 11, 2019
It has been under pressure from tax loss selling. Fall weather has been a headwind as well for their commodity sales. He sees a rebound of 38% earnings growth next year, cheap when it is trading closer to 25 times earnings. They are also doing a share buyback right now. (Analysts’ price target is $79.73)
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Nutrien Ltd. (NTR-T)
December 11, 2019
It has been under pressure from tax loss selling. Fall weather has been a headwind as well for their commodity sales. He sees a rebound of 38% earnings growth next year, cheap when it is trading closer to 25 times earnings. They are also doing a share buyback right now. (Analysts’ price target is $79.73)
BUY WEAKNESS
BUY WEAKNESS
December 3, 2019
He's watching it, deciding when to step in. He likes agriculture stocks. Fertilizer demand has been weak due to poor weather in the US. NTR has increased share buybacks to support the stock. Pays a dividend below 3%. It has an undecided valuation; who can guess the weather in 2020? Their retail side is merely okay. If this declines 10-20%, he might buy.
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Nutrien Ltd. (NTR-T)
December 3, 2019
He's watching it, deciding when to step in. He likes agriculture stocks. Fertilizer demand has been weak due to poor weather in the US. NTR has increased share buybacks to support the stock. Pays a dividend below 3%. It has an undecided valuation; who can guess the weather in 2020? Their retail side is merely okay. If this declines 10-20%, he might buy.
HOLD
HOLD
November 29, 2019
The company has had a tough year -- China, weather, commodity weakness. If you have a two year time horizon, you will do fine. To get it back into a growth trajectory again it will take that long.
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Nutrien Ltd. (NTR-T)
November 29, 2019
The company has had a tough year -- China, weather, commodity weakness. If you have a two year time horizon, you will do fine. To get it back into a growth trajectory again it will take that long.
PAST TOP PICK
PAST TOP PICK
November 18, 2019
(A Top Pick Jan 15/19, Up 0.3%) It has been a terrible year for farmers. It is a testament to their business model how stable the stock is. This is one of the only Canadian players that is on a global stage.
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Nutrien Ltd. (NTR-T)
November 18, 2019
(A Top Pick Jan 15/19, Up 0.3%) It has been a terrible year for farmers. It is a testament to their business model how stable the stock is. This is one of the only Canadian players that is on a global stage.
SELL STRENGTH
SELL STRENGTH
November 1, 2019
He has a short on this one as a portfolio hedge. It is still relatively expensive and has poor price momentum. Hard to know where fertilizer is going and it is reflected in the stock price.
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Nutrien Ltd. (NTR-T)
November 1, 2019
He has a short on this one as a portfolio hedge. It is still relatively expensive and has poor price momentum. Hard to know where fertilizer is going and it is reflected in the stock price.
TOP PICK
TOP PICK
October 30, 2019
The stock that investors love to hate. He's been in and out of this. Likes its global outlook and fundamentals. (Analysts’ price target is $81.33)
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Nutrien Ltd. (NTR-T)
October 30, 2019
The stock that investors love to hate. He's been in and out of this. Likes its global outlook and fundamentals. (Analysts’ price target is $81.33)
PAST TOP PICK
PAST TOP PICK
October 29, 2019
(A Top Pick Jan 03/19, Up 9%) They've had some soft quarters as the potash market adjusts with global growth slowing. The first potash deal with India this year was just signed for $10/ton under market, though the market expected $20 under. The stock has been choppy. Buy below $65, and you can sell around $72-73 as a trade. He's sticking with it. But NTR has lagged the TSX in 2019.
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Nutrien Ltd. (NTR-T)
October 29, 2019
(A Top Pick Jan 03/19, Up 9%) They've had some soft quarters as the potash market adjusts with global growth slowing. The first potash deal with India this year was just signed for $10/ton under market, though the market expected $20 under. The stock has been choppy. Buy below $65, and you can sell around $72-73 as a trade. He's sticking with it. But NTR has lagged the TSX in 2019.
PAST TOP PICK
PAST TOP PICK
October 9, 2019

(A Top Pick Oct 10/18, Down 5%) It's been a volatile year due to weather and trade war tensions, with US soy bean farmers exporting less to China. But NTR is cutting back on some of their potash mines to get demand-supply back in place. That said, NTR generates a lot of free cash flow and is increasing their 3.7% dividend, so you're paid to wait. They're also building out their retail network, which is less cyclical. Still likes it.

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Nutrien Ltd. (NTR-T)
October 9, 2019

(A Top Pick Oct 10/18, Down 5%) It's been a volatile year due to weather and trade war tensions, with US soy bean farmers exporting less to China. But NTR is cutting back on some of their potash mines to get demand-supply back in place. That said, NTR generates a lot of free cash flow and is increasing their 3.7% dividend, so you're paid to wait. They're also building out their retail network, which is less cyclical. Still likes it.

PAST TOP PICK
PAST TOP PICK
October 7, 2019
(A Top Pick Sep 25/18, Down 10%) It is a great company but we had a terrible spring in North America so inventories build up. Long term he thinks it is great.
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Nutrien Ltd. (NTR-T)
October 7, 2019
(A Top Pick Sep 25/18, Down 10%) It is a great company but we had a terrible spring in North America so inventories build up. Long term he thinks it is great.
WATCH
WATCH
September 24, 2019
Seasonality? Seasonality is now. It has support at $65, so bouncing off support would be good. Wait until that bounce happens.
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Nutrien Ltd. (NTR-T)
September 24, 2019
Seasonality? Seasonality is now. It has support at $65, so bouncing off support would be good. Wait until that bounce happens.
DON'T BUY
DON'T BUY
September 23, 2019
It is a commodity company. There is no scarcity in potash. Commodity companies don't control their own risk. He has less than 5% of his holdings in Commodities.
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Nutrien Ltd. (NTR-T)
September 23, 2019
It is a commodity company. There is no scarcity in potash. Commodity companies don't control their own risk. He has less than 5% of his holdings in Commodities.
PAST TOP PICK
PAST TOP PICK
September 20, 2019
(A Top Pick Oct 30/18, Up 5%) It is disappointing they announced cutbacks in potash production to deal with inventories. When it gets going, it will hit $80, but it may take a little while. People have to eat -- fertilizers will never go out of fashion.
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Nutrien Ltd. (NTR-T)
September 20, 2019
(A Top Pick Oct 30/18, Up 5%) It is disappointing they announced cutbacks in potash production to deal with inventories. When it gets going, it will hit $80, but it may take a little while. People have to eat -- fertilizers will never go out of fashion.
TOP PICK
TOP PICK
September 17, 2019
Pays a good 3.5% yield. 60% of profits come from agricultural production and 40% from retail distribution to farmers. After their merger, they've been streamlining operations. Trades at 10x cash flow. Expect good earnings growth and multiple expansion over time. Their retail business gives them stability and makes the yield safe. (Analysts’ price target is $83.06)
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Nutrien Ltd. (NTR-T)
September 17, 2019
Pays a good 3.5% yield. 60% of profits come from agricultural production and 40% from retail distribution to farmers. After their merger, they've been streamlining operations. Trades at 10x cash flow. Expect good earnings growth and multiple expansion over time. Their retail business gives them stability and makes the yield safe. (Analysts’ price target is $83.06)
PAST TOP PICK
PAST TOP PICK
September 12, 2019
(A Top Pick Sep 11/18, Down 5%) Need a longer term perspective. Temporarily idling potash mines. Still quite positive on the outlook. Generating a lot of free cash flow, synergies from the merger. Doesn't need strong commodity price to grow cash flow and earnings. Increasing dividend and buying back stock. Looking to increase share in the US.
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Nutrien Ltd. (NTR-T)
September 12, 2019
(A Top Pick Sep 11/18, Down 5%) Need a longer term perspective. Temporarily idling potash mines. Still quite positive on the outlook. Generating a lot of free cash flow, synergies from the merger. Doesn't need strong commodity price to grow cash flow and earnings. Increasing dividend and buying back stock. Looking to increase share in the US.
PAST TOP PICK
PAST TOP PICK
September 9, 2019
(A Top Pick Aug 27/18, Down 5%) US dollar and trade issues have been headwinds for all commodities. Generates cash flow, more stable.
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Nutrien Ltd. (NTR-T)
September 9, 2019
(A Top Pick Aug 27/18, Down 5%) US dollar and trade issues have been headwinds for all commodities. Generates cash flow, more stable.
WATCH
WATCH
August 29, 2019
They are a victim of circumstances. They serve a farming community. Plantings were very late this year. Crops in Ontario don't look very good. Disposable income is what Nutrien banks on. NTR-T serves its market extremely well. There is no rush to buy it, however. You have to wait until next spring.
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Nutrien Ltd. (NTR-T)
August 29, 2019
They are a victim of circumstances. They serve a farming community. Plantings were very late this year. Crops in Ontario don't look very good. Disposable income is what Nutrien banks on. NTR-T serves its market extremely well. There is no rush to buy it, however. You have to wait until next spring.
WATCH
WATCH
August 15, 2019
He still has not made a decision on it. It has not done much since he was on last. In a recession it will probably get hit like any other stock. He is not ready to step in. We may get an opportunity to get in at a cheaper price.
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Nutrien Ltd. (NTR-T)
August 15, 2019
He still has not made a decision on it. It has not done much since he was on last. In a recession it will probably get hit like any other stock. He is not ready to step in. We may get an opportunity to get in at a cheaper price.
BUY
BUY
August 14, 2019
Time for an initial position? The spring was a disaster for planting due to the weather. The stock has done well considering this. He would not have a problem buying here. The company is doing all things right.
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Nutrien Ltd. (NTR-T)
August 14, 2019
Time for an initial position? The spring was a disaster for planting due to the weather. The stock has done well considering this. He would not have a problem buying here. The company is doing all things right.
BUY
BUY
August 13, 2019
She does own this one and the recent pullback offers a good buy in point now. They are generating new synergies and cash flow from the potash and retail operations. The dividend yield is attractive. There was a very delayed planting season in the US, so crop yields will have to be watched going forward. Yield 3.7%
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Nutrien Ltd. (NTR-T)
August 13, 2019
She does own this one and the recent pullback offers a good buy in point now. They are generating new synergies and cash flow from the potash and retail operations. The dividend yield is attractive. There was a very delayed planting season in the US, so crop yields will have to be watched going forward. Yield 3.7%
COMMENT
COMMENT
August 8, 2019
Decent numbers, but flat. Trading between two breakpoints, $62 and $78. Reasonable value here, but stick with those two parameters.
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