03.10.2008 - Slide in agricultural stocks doesn't reflect fundamentals
From Resource Investor: Salman Partners analyst Raymond Goldie said the sell-off of Potash Corp. of Saskatchewan (POT) and Agrium Inc. (AGU) are due to a disappointing quarterly report from an American peer. But Goldie said the lacklustre results released Wednesday night by Mosaic Co. (MOS), a Minnesota-based fertilizer producer, were due to problems specific to the company, not the industry. Another analyst also downplayed fears that a U.S. economic slowdown would have a severe impact on U.S. corn production a major use of fertilizer because of government subsidies...... Full Article: Source
Print