[quote=pepper24;1705966]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.
|