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Agrium Inc. Message Board

  • appletonrocks appletonrocks Aug 4, 2013 3:49 PM Flag

    I Feel Violated

    I bought a lot more because AGU is being crucified by a sector play that is not as applicable. But is nadsmis says sell make sure you listen he is a savante'.

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    • does this guy ever say ANYTHING meaningful??

    • If this stock were better managed to enhance shareholder value, it would not simply be declining in sympathy with other nutrient stocks with which it has much less in common. The market is saying this Board and this management does not know what it is doing. Otherwise it would not be selling at a ridiculously low multiple which is getting lower by the minute. So there is a lot more to it than it merely being in a disfavored sector. The company's business is not inherently bad. Here is an analogy which I admit is extreme but I just want to make the point. Rhodesia was the richest country in Africa. It was a tourist destination. It exported food. It was a success story. Then it became Zimbabwe with a Communist kleptocrat for a ruler, Mugabe. Zimbabwe is now pretty close to the bottom in Africa. It is poor, nobody goes there and it cannot feed itself. What happened? Bad management. Argentina, same story. In contrast, there is Hong Kong which went from being just a pile of rocks and is now an economic powerhouse. Ditto Chile which went from 3rd world to 1st world in a single generation. So it really matters who is running the ship and how they are doing it.

89.04-2.06(-2.26%)Aug 26 4:02 PMEDT