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Gross Margin Drivers at Potash Corp. (Part II)
Replanting Soybeans Should Drive Need for Seed, Fertilizer
Steel, Coal and Agriculture Plays Turning Over
Steel, Coal and Agriculture Plays Turning Over
Foreclosure Stimulus to Boost Tech's Four Horsemen
Agricultural Chemicals Hit New Highs
I am long AG stocks for the past two (2) years. Watched Jim Rogers prediction of the long AG rally. But the pricing right now for this stock get's me jittery !
Dow has been down over 1000 points, technical charts for the indices are heading down except for the AG stock. Are we going to see a correction before the earnings >!!!! Highly likely we would be, but we have some strong support for this stock. Like Pot has a strong $200, and $190 support, AGU $90, and $82 support ..
just my technical predictions..
Smooth Sailing Ahead for Research In Motion
But regarding the smart phone RIMM has a better edge and experience. They been selling their device for even $99.00 !
AAPL has still long way to go, but they've already gave a huge dent to PALM.
Who Is to Blame for Bear Stearns' Demise?
By How Much Will Apple 'Blow Away' Its 10M iPhone Target?
Is Amazon's Free Cash Flow Overstated?
Visa Keeps Charging Ahead
Sina Should Beat Earnings in a Google-Like Fashion
What Should Jerry Do? My Advice to Yahoo
Best bet for Jerry is to focus ! focus ! focus ! on yahoo forget about the MSFT, GOOG, etc.. They are the bigget portal site in the world.
Buying Fertilizer Stocks In Lieu of Camel Futures
May 5 (Bloomberg) -- Incitec Pivot Ltd., Australia's largest fertilizer maker, raised its full-year earnings forecast after first-half profit almost tripled because of higher prices for crop nutrients driven by surging global food demand.
Net income rose to a record A$169.8 million ($159 million), or A$3.367 a share, in the six months ended March 31, from A$57.2 million, or A$1.133, a year earlier, the Melbourne-based company said today in a statement.
Rising food prices are ``threatening to plunge more than 100 million people on every continent into hunger,'' the United Nations said last month. Incitec today raised it full-year earnings forecast 16 percent on expectations of higher average fertilizer prices driven by food demand in China and India.
``Worldwide there is a drastic food shortage looming,'' said Peter Russell, head of research at brokerage Intersuisse Ltd. who has an ``accumulate'' rating on the stock. ``I don't see any reason to see the share price or the prospects for profitability to come back.''
Incitec fell 50 cents, or 0.3 percent, to A$171 on the Australian stock exchange at the 4:10 p.m. close of trade in Sydney. The stock has surged more than threefold in the past year, compared with a 9.1 percent decline in the benchmark S&P/ASX 200 Index.
The first-half profit compares with the A$175 million median estimate of four analysts surveyed by Bloomberg News by phone and e-mail.
Record Prices
Potash Corp. of Saskatchewan Inc., the world's largest crop- nutrient maker by market value, said last month first-quarter profit almost tripled and Agrium Inc. last week reported profit of $195 million, from a loss a year earlier, as record crop prices increased demand for agricultural nutrients.
``The increase in fertilizer prices is clearly as a result in global forces, specifically the significant increase in the demand for food,'' Chief Executive Officer Julian Segal said today on a call with reporters. ``The industry consensus is that over the next few years prices will stay high at current kind of levels, and then probably taper off a little bit.''
Prices for diammonium phosphate, known as DAP and produced by Incitec, more than doubled in the first-half, the company said. DAP for immediate delivery increased to $1,195 a ton as at March 31, up from $433 a ton as at Sept.30, 2007, it said.
Food Crisis
``With the big economies of India and China developing at this rate and the standard of living improving in these economies, clearly there has been a tremendous increase in demand for food,'' Segal said in an interview with Bloomberg Television.
The global food crisis is an ``unprecedented challenge,'' UN Secretary-General Ban Ki-Moon said last month. Ban will chair a new UN taskforce to counter the effects of soaring food prices that are putting basics beyond the reach of the world's poorest people. The World Bank has warned the crisis may trigger civil disturbances in 33 countries.
``Fertilizer is an answer to that problem,'' Segal said. ``The only way to cope with the increased demand for food is to produce more food with the same arable land and the only way you can do it is using more nutrients.''
Full-year earnings before interest and tax may be A$850 million, Incitec Chief Financial Officer James Fazzino said today in a separate statement. That compares with the A$700 million to A$730 million forecast made on March 6.
``Fertilizers are obviously the central component of growing food,'' Tom Elliott, of hedge fund MM&E Capital Ltd. said in an interview with Bloomberg Television in Melbourne. ``We'll see probably another, better profit from Incitec this time next year.''
The company will pay a first-half dividend of A$2.04, compared with 69 cents a year earlier, Incitec said.
Ford Posts Gains; Analysts Still Cautious
last time he had a stake with GM he was able to get a big run up...
more power to to KIRK ~