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I think you have a sector that's already seen significant drops from the highs for the last few years. People tried to pick a bottom, but I can't imagine anyone - analysts or otherwise, saw what was coming this morning that caused this. As I noted in the other thread, POT owns a good deal of SQM and both pay nice dividends. Still, while there may be a bounce, I'd say stay away (and if the industry is really weakened, the dividends may be lessened or dropped.)
Reestablished a trading position in MOO early this morning, picking it up under $50. If it falls more, I will double down. MOO has positions in POT and MOS that represent less than 12% of its holdings, and I believe this selling is way overdone. I'll play for a bounce over the next days or couple of weeks.
Apart from MOO which is agricultural stocks, agricultural commodities has not been the place to be the past 30 years+. I use to trade agricultural commodities back in the days and was a futures broker for a short time in the early 70s. Comparing prices from then to now and then compared to the S&P then and now it's not even remotely close as to the total returns.
Potash Group Surviving Demise of Russian Competitor • "POT, MOS & AGU poised to continue managing supply to bolster prices" • "We expect a major exit by investors out of potash producers" ⇒ Link to Bloomberg Article
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Russian Potash company
Potash Group Surviving Demise of Russian Competitor
• "POT, MOS & AGU poised to continue managing supply to bolster prices"
• "We expect a major exit by investors out of potash producers"
⇒ Link to Bloomberg Article