Thanks, still watching this after selling at 25.5. if it breaks nov 2008 of 20.55, opens the door for early 2000's range around 10-15. oddly enough, this is what has been happening to other commodity stocks, breaking through 2008/2009 lows and going to baseline 15 years ago. There are serious supply issues in the space, similar to oil.
When I buy this at 10-15 next year, you wont be so smug. You obviously have no knowledge of the basics of the stock market. A basic tenet is to never buy/hold a company which is purchasing another company which is expensive relative to its market cap. POT is entering into a deadly area. Look at FCX after there large purchases in the oil industry when the stock was in 30's. Supply issues with oil, debt, and shorts destroyed it. Potash commodity has supply issues, debt issued will be large for purchase, and share dilution would be 100 of millions of shares. Good luck with your beliefs. Hope is not a strategy
Sold in 25's (unfortunately bought at 31) but willing to take long term loss, as ks deal will be a killer in share dilution given the size, likely 10B. Moreover, there will likely be a mass arbitrage to short pot, long ks by institutional players. Finally, supply issues should be headwind for years. Seen this many times over two decades and cutting losses is prudent imo. Never underestimate the ability of a commodity stock to collapse even more in my experience. If deal goes through, will revisit pot couple years from now.