Since I first covered Potash Corp. of Saskatchewan
Unless, of course, you're a fertilizer producer. Prices are soaring for potash, phosphate, and nitrogen. The fertility goddess PCS happens to produce all three, though she is aptly named for her top product.
While recently IPO'd Intrepid Potash
Over in nitrogen-land, where Agrium
We've already looked at Mosaic's
Inventory issues are key to the bigger picture here. North American potash inventories, for example, were 37% below their five-year average at quarter's end. Think about how strong our natural gas prices are today, even with storage right around its average. No wonder Potash was so miffed when people pooh-poohed the stock price back in January. That share repurchase is looking pretty prescient.