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Potash Corporation of Saskatchewan Inc. Message Board

  • johnlarlee johnlarlee Mar 22, 2013 10:20 AM Flag

    POT as a defensive play in a Market correction?

    USDA yesterday reported record corn planting intentions for Spring. J

    Sentiment: Hold

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    • John, what kind of a defensive play is a stock which is down 7 of the last 8 trading sessions? I may hold the stock forever but I can't recommend it to anyone until we see fundamental market moves indicating that POT is actually going to sell a great deal of what they are producing. These days, I think POT is a stock ideally suited for those who are gluttons for punishment. Notwithstanding all the preceding, negative observations, when POT gets its yield up to 4%, that should shake things up for the better even in the absence of anything else positive.

 
POT
16.57-0.16(-0.96%)May 27 4:05 PMEDT