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Author: Starrob Big funky green star, 20000 posts Old School Fool Ticker Guide Global Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 46  
Subject: Potash May Be Presenting A Good Buying Opportuni Date: 6/12/2012 7:57 PM
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"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.

Potash Corp is not alone in facing pressure from lackluster demand for potash. Several of its competitors reported weak demand for potash so far this year, although a few are able to compensate due to favorable product mix with heavier sales in phosphates and nitrogen based products, which has had steady demand. Fellow Canpotex member Mosaic (MOS) reiterated weak demand for potash and reported a decrease in sales of potash of 29%. Agrium (AGU) also reported slow demand for potash with a decrease in potash sales of 21%, but still managed to report a strong quarter."


cont'd


http://seekingalpha.com/article/655131-potash-may-be-present...
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