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Potash Corporation of Saskatchewan Inc. Message Board

  • rjraecek rjraecek Jun 13, 2012 9:40 AM Flag

    Slowdown??

    A large red flag has been raised on Potash Corporation of Saskatchewan (POT) after its latest quarterly results revealed a massive slowdown in sales of its primary product. Sales of potash dwindled from $1.021B in Q1 2011 to $543M in Q1 2012, yielding an uninspiring 47% decrease despite the fact that average per ton prices of potash were roughly 16% higher in North America and 24% higher in offshore markets quarter over quarter. There is little doubt that the major contributing factor with regard to Potash Corp's underwhelming share performance has been weak global demand for potash and has been affecting much of the industry as a whole

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POT
16.60-0.16(-0.95%)Aug 24 4:02 PMEDT