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The Mosaic Company Message Board

  • misterquidam misterquidam Mar 29, 2008 9:06 PM Flag

    selling potash to indians....

    I hope all of you caught this. Not only is this good in the 'now' but take notice of the payment schedule and the selling price. They sold their wares for triple last years price. Make a posted and put it on your computer....the payment scedule of 180 days will be reflected in q3....dont forget to be in position down the road. shorts pound sand.

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    • Perhaps you have heard of GAAP (generally accepted accounting principles)? Regardless of the payments terms, the sale is recorded on the transaction date and the receivable is recorded against the sale. From an Income Statement standpoint, the 180 day term is irrelevant.

      The option buyer is betting on the only unknown affecting POT and MOS - the Chinese contract. His belief is that the terms will not be substantially below the Indian contract.

      The farm report is supposedly going to show a decline in corn production which translates to less fertilizer usage. Fact is that the world demand for fertilizer is far more significant to POT and MOS than a 5-10% decline in corn acreage. Stock prices should decline for a couple of days because the herd thinks a decline should result in stock price decline but the economics evolve around the China contract. Outlook is favorable after a few days of decline.

    • that explains why their was 11,000 190 calls sold friday into pot.they will sell 180 days thanks for bring this to our adtence.

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