[quote=macker;1706823]
Quote:
Originally Posted by pepper24
The potash companies are interesting but still too expensive in my books. If AGU gets back to the low 30's I'd buy some shares.
AGU has a PE ratio of 3.77....I picked this one up in December for $31 and won't sell it til it doubles or I get stopped out but I am confident that it will double sometime in the next year. Look at the droughts in Australia, China, South America etc....there will be a lot of nitrogen based fertilizers used this year!...On February 25, 2009 AGU bid $3.6 Billion to take out CF industries. How many other companies are able to make aggressive take outs in this environment. The food/fertilizer area is a growth area for the next 5-20 years. One stock that you really should be able to buy and hold. I like AGU more than POT as AGU is under the instituional radar for the most part and besides that it is based right here in Calgary. A great company that offers great value even at $40.
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What I meant by expensive I am thinking that potash prices will go down not referring to AGU's cheap P/E ratio, so I think that I could pick up AGU at a better price. I wish I was in at $31 like you but would get back in at around $35 or less.