No. of Recommendations: 2
Hi everyone,

This fertilizer company that had seen its share price drift downward to about $180, near where I first bought it, is up about 11% late this afternoon after an activist investor hedge-fund, Third Point, revealed it had bought a large stake and was pushing for more returns to shareholders in the form of a much larger dividend. The current dividend of $1.60 is less than 1% yield and a pittance compared to the $29.60 in trailing earnings per share the company's posted. So I can see Third Point's point (I had to say it).

I don't see a SEC filing, yet, but I'll be keeping an eye out for it as I'd like to read their thoughts.

Cheers,
Jim
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