Well a huge news event just came out - you want high prices? You are going to get even higher prices.
"Potash suspends new sales, eyes Russia mine flood"
Potash Corp of Saskatchewan (POT) is suspending new sales because a flood at major Russian competitor Silvinit could further tighten already tight world supplies, the world's biggest fertilizer company said on Thursday.
"In light of these events, our company has suspended all new potash sales until further notice," Chief Executive Bill Doyle said on a conference call with analysts.
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Takeaway: You thought you had pricing power yesterday? Yowsers. Mosaic/Potash - both the only ways to play potash via stock market. Get 1. Prices just went up for their product. Thanks Silvinit.
Long both in fund; long both in personal account
2 comments:
Quite a day for POT and MOS.
I actually initiated a position in MOS today and already own POT.
Still a little shy with CF due to the huge run up.
I think if you overlay CF over POT or MOS chart you will see no difference in terms of magnitude
That said, good buy on MOS - wish I had been here for the POT fall, I did add more MOS as it touched $60 - I will probably cut back some CF if she reaches $100 in upcoming weeks but I expect these 3 to be a bedrock for a long time. I still think MOS is being undervalued via POT valuation.
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