dividend_reinvestor_man: You are obviously jealous of Abbaman7's knowledge and class. Have you looked up above the sand where you bury your head, and pop up once in a year to ridicule others ? Have you seen how much BHP, Gold, silver, cash rich Oil stocks have gone down in the last few months ? So its not that Abbaman is left holding bag in Potash by his love for his positions. I have researched on my own and some of the very best ETFs and mutual funds are holding substantial positions in all the above mentioned stocks and commodities. Shiller recommended 10% position in energy stocks, Greenspan & Bill Gross recommended holding gold, Ray Dalio holds POT, are you smarter than them ? Commodities go down & they go up. You think POT, XOM, BHP (by the way Australia is close to a recession after 24 years) will provide cheap commodities to this world without making profit ? In fact, go and back & look at charts & history, these are some of the best opportunities to add to positions. You are a momentum trader, go look for Tesla, Netflix, Bio-techs, fruit of the season. Ever heard about value investing ? Thats what Abbaman is good at.
All the gains from a firm $350 million worth of order from visiting India's PM is wiped out. Like Dr_Dr_Detroit, I too think that this is severely under valued and pending any announcement from Japan, this will go back to $18 range in a hurry. The only long term downer is the litigation with CRA, and that is a wild card, as to what amount is eventually settled. What if CCJ wins the case, in that case $25 is the fair price today.
I own a lot of shares of both POT & BHP. At these prices, they offer fantastic return opportunities in near to medium term. In fact, its much better to buy these for safe dividend yields instead of holding bonds which are bound to go down with rising interest rates world-wide. I like my chances.