POT: Potash Cp Saskatchewan
POT was a leading stock in previous bull market. It made a multi year move. The high oil price and as a result of that high corn prices was one of the contributing factor to high fertilizer demand. That time POT had triple digit earnings growth. Now the growth has slowed and fertilizer prices are under pressure. Recently company guided down earnings. That too on a Friday, hoping no one would notice.
Stock has been range bound so it can go either way.
No comments:
Post a Comment