Someone with some insight please explain the drop today?? The temporary div reduction does not explain it, the fall in natural gas prices today does not explain it? I've been doing this a long-time and have not been burned like this in years. I continue to add to my position-- but this is very odd trading today-- I'm very surprised-- as UAN is undervalued compared with TNH and RNF, and doesn't have the risk of an increase in natural gas prices. Well, you can't win everyday, but in this market I expect to. I still think we reach a 52 week high in coming months, but I'm shocked with this sell-off day.
So so numbers out of the big boys ie.....POT AGU etc. Then a few got downgraded to sell. I noticed the analyst is very aggressive on his calls. Once they sell off he waits a month and then upgrades the sector. A "trading" analyst if you will.
dividend cut should already have been priced in as they announced it several weeks before this drop. It has been common knowledge for quite some time. It was also in line with their annual dividend guidance.