dummy...even with a 30% cut on potash (its already 350 fyi), you are talking cash flow at 70c/quarter 2x div of 35c and capex down to 400 next year....sorry but they've got plenty of $$$s and no leverage....buybacks might only be $1bn although one could argue issue debt at 3% - yes that is where their debt trades HMMMM - and buy back stock yielding 5%
U are still getting the divi coming up at full price. Who cares about future cuts when the stock is in the toilet. You will make more money by just buying POT when it bottoms out then ride it up and sell. No more long term holds in my future. You never know when something like this debacle will happen when holding.
This stock isn't bouncing anywhere. The company nor Uncle Dudley is going to stop this tail gate tax trap. This back stabbing undercut is going to draw a lot more blood than some of us think. We still got the dividend cut and next quarters earrings to sail through. I hope the company holds @ least 50% of the 2 billion until after it drops under $20.