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5 Revealing Quotes From PotashCorp's CEO

By Neha Chamaria - May 23, 2016 at 3:21PM

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PotashCorp's CEO on dividends, divestment, and the future of potash markets.

It's a tough ride ahead for PotashCorp. Source: Potash Corp. 

After Potash Corporation's (POT) awful first-quarter numbers, there's no denying that the fertilizer maker is headed for a rough year. While peer Mosaic Company (MOS -0.14%) is also dealing with tough times, prolonged weakness in potash markets have crushed PotashCorp's profits, so much so that it lowered its full-year earnings outlook in Q1 by one-third to the $0.60-$0.80 per share range. You don't see such massive guidance downgrades every day, or generally expect a company's earnings to slash by half within a year.

While both PotashCorp and Mosaic are aggressively cutting costs, there's only so much the companies can do if end markets don't improve. On the company's latest earnings call, PotashCorp CEO Jochen E. Tilk even provided insight into what the potash markets may look like through 2020, and it isn't a rosy picture.

In fact, Tilk gave a lot of valuable information regarding the company's future, including its probable cash flows and dividends. If you didn't get a chance to tune in, don't miss the following slideshow that highlights five such revealing quotes from PotashCorp;s leader. Take a look.

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