Fitz Bits: Potash Reflects Fickle Street
The Street (Free subscription) | 5 hours ago
Despite stellar earnings, the stock drops in what looks like a case of money simply looking elsewhere.
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The Street (Free subscription) | 5 hours ago
Despite stellar earnings, the stock drops in what looks like a case of money simply looking elsewhere.
Seeking Alpha (Free subscription) | yesterday
Notable Calls submits: RBC Capital is out very positive on Potash Corp. (POT) noting that not withstanding the potential for short-term share price volatility, they believe Potash Corp.'s current valuation represents an excellent buying opportunity for investors with a longer-term perspective. Strong earnings growth potential, a 2009E P/E multiple of 8.9x and 2009E free cash flow of $7.3 billion ($24.13/share)...
Seeking Alpha (Free subscription) | yesterday
FP Trading Desk submits: The vote in favor of a strike by unionized workers at PotashCorp of Saskatchewan (POT) may lead to a production loss as the three potentially impacted facilities represented roughly 30% of the company’s production in 2007. However, the tight potash market means the financial impact from a work stoppage could be mitigated by higher prices for the commodity, according to RBC...
atHome Top Story (Free subscription) | yesterday
Potash Corp. of Saskatchewan Inc. more than tripled second-quarter earnings and raised its full-year profit guidance yesterday amid strong demand and pricing in a global agriculture boom.
Seeking Alpha (Free subscription) | 07/24/2008
Trader Mark submits: Nothing surprising in Thursday morning's earnings report - and frankly it does "not matter" right now because as we all know, potash = oil, at least in hedge fund's eyes. The analysts finally seem to be somewhat catching up to the earnings potential. They only missed by 30 cents this time around after being wrong by a few miles for quarters on end [ Oct 23: Analysts Still Doubting...
Business Spectator (Free subscription) | yesterday
Global miner to take advantage of growing demand for fertiliser. 25 Jul 2008 2:39 PM
Stocks to Watch Today (Free subscription) | 07/24/2008
AG COMMODITIES STUMBLE AGAIN Agricultural materials producers, thwarted by reduced prices for oil and agricultural commodities, accelerated their recent declines in Thursday’s trading. That’s contributed to the broad weakness in the equities market, as it’s deprived the averages of one of its stalwart groups of 2008. More frustratingly, it’s prevented some names from exploiting tremendously constructive...
Market Wire - Mergers and Acquisitions (Free subscription) | 07/24/2008
VANCOUVER, BRITISH COLUMBIA (MARKET WIRE) Potash One Inc. (the "Company" or "Potash One") (TSX VENTURE: KCL) is pleased to announce that it has completed the acquisition of the remaining 75% interest in Potash Permit KP289 (the "Legacy Project") through the purchase of all of the issued and outstanding shares of Invictus Minerals Corporation, a private company. Potash One previously acquired its initial...
Market Watch (Free subscription) | 07/24/2008
LONDON (MarketWatch) -- Potash Corp. said second-quarter net income more than tripled to $905.1 million, or $2.82 a share, from $285.7 million, or 88 cents a share, with sales climbing to $2.62 billion from $1.35 billion. Rising global fertilizer demand and the impact of significantly higher prices for potash, nitrogen and phosphate products, the company said. For the year, it upped its earnings view...
CBC.ca (Free subscription) | 07/24/2008
Unionized workers at three Saskatoon-area potash mines could go on strike as early as Friday, the United Steelworkers union says.
Seeking Alpha (Free subscription) | yesterday
Seth Brubaker submits: It's pretty clear that the stock price of Potash Corp of Saskatchewan (POT) is suffering from a sector rotation out of commodity-based stocks, as their Q2 earnings and forward guidance is 1 of the best reports I have ever seen. I would like to share my current observations on POT and why I feel it is still a good long-term investment. The TTM P/E for POT now stands at 30 (rounded),...
Forbes (Free subscription) | yesterday
Profits at Bunge, Potash and Terra Nitrogen are soaring.
Forbes (Free subscription) | 07/24/2008
Profits at Bunge, Potash and Terra Nitrogen are soaring.
Forbes (Free subscription) | 07/24/2008
Profits at fertilizer and processed food companies like Bunge, Potash and Terra Nitrogen are soaring.
atHome Top Story (Free subscription) | 07/24/2008
The Toronto stock market turned lower late in the morning Thursday as early gains based on strong earnings reports from commodity stocks such as EnCana Corp. and Potash Corp. evaporated.