Select Company Escorts
Toronto Escorts

POTASH< Is it opportunity to buy again?>

Is it good time to buy POTASH

  • Strong Buy

    Votes: 5 41.7%
  • Buy

    Votes: 2 16.7%
  • Hold

    Votes: 1 8.3%
  • Sell

    Votes: 4 33.3%

  • Total voters
    12

pro123

Member
Oct 11, 2006
521
0
16
Home
Is POTASH going down under $100 again? or Buying opportunity?
 

theycallmebruce

Active member
Nov 17, 2002
1,107
1
38
Potash will not see $100 anytime soon. In my opinion, and with all the news coverage recently, I think the target price for Potash will reach $160 - $180 over the next 6 to 12 months. This is a great purchase with very little downside. The global need for this mineral is abundant and it will only become more and more valuable as growing economies need to cultivate fertilizer.
 

ispank

Member
May 11, 2003
218
2
18
71
Central Toronto
My broker tells me the VALUE for Pot is $165 CDN ... but management is weak and is not able to get full value for the business. The current price assumes either another offer, or a modified BPH offer. Shareholders will not benefit from any revised offer as it will be to provide more for government kickbacks than for shareholders. So my bet is that the price will go down before it goes up -- but it will go up. Perhaps consider an ETF play on the market rather than just a single firm play.
 

Rockslinger

Banned
Apr 24, 2005
32,783
0
0
The current price assumes either another offer, or a modified BPH offer.
Thre were no other bidders before so why should there be new bidders now especially with this government killing deals for political reasons?
 

EJ543

New member
Sep 16, 2010
49
0
0
Might be a good time to short it, at least until the final decision is made. I will however do it with options to finance part of it.
 

pro123

Member
Oct 11, 2006
521
0
16
Home
I sold this stock at $145 and regret it but I bought it back on Friday at nearly $141 :), I think BHP will come back with stornger offer it's hard for Gov to say NO. I also think it was under valued for a while. I think chances of POT going above $160 is higher than going under $130.
 

turbin

Gold Member
Jan 7, 2002
1,541
15
38
Toronto
You can also buy other potash related sm cap... They would benefit from any positive news on POT. My broker told me to check out WPX
 

Rockslinger

Banned
Apr 24, 2005
32,783
0
0
BHP has left the table (actually they were kicked out of the room). Who else will dare to make a bid for Potash? Nobody! N O B O D Y!
 

pro123

Member
Oct 11, 2006
521
0
16
Home
I got rid of mine today. I think it will go back down to $120 range where it should be right now. Then I will buy it back :)
 
Toronto Escorts