Potash Corp. of Saskatchewan Inc. (POT)

402.35
40.35 11.15
Prev Close 362.00
Open 402.35
Day Low/High 402.35 / 402.35
52 Wk Low/High 297.20 / 402.35
Volume 2.47K
Avg Volume 3.58M
Exchange n.a.
Shares Outstanding 840.16M
Market Cap 17.29B
EPS 0.40
Div & Yield 0.40 (2.00%)

My Takeaways and Observations

Venezuela is the new Greece.  Icahn goes for some Allergan (AGN) -- a name of mine -- but his impact is muted after missteps in the energy space and elsewhere.   Nobody likes short people,  but I grow shorter daily. (Note: We got little hands and li...

From The Street of Dreams

Stifel downgrades Potash Corp. (POT) due to an imbalance in supply and demand.

My Takeaways and Observations

Peak Housing? No follow-through from the homebuilders today. Peak Bank Stocks?  Ali Blah Blah -- aka Alibaba (BABA) -- is a downside highlight today. See my post.  Small short adds and small long adds.  I remain manifestly bearish -- but, as I have ...

My Takeaways and Observations

The day started with the challenges in the sneaker field.  Bloomberg on Goldman Sachs and Morgan Stanley analysts' Tesla (TSLA) price target hikes -- I believe (and am quoted) that these moves go against the spirit of the law.    I remember CNBC's M...

My Takeaways and Observations

I started the day with what I think is an important call on defensive consumer nondurables -- Sell, Mortimer! My Trade of the Week -- short Consumer Staples Select Sector SPDR ETF (XLP) -- is an outgrowth of my opening missive.  There are new presid...

I'm Swearing Off POT

I'm selling out of the balance of my long in Potash Corp. (POT) for a small profit in the wake of Bayer (BAYRY) making a $62 billion unsolicited bid today for POT rival Monsanto (MON). I expect the Bayer bid to face antitrust hurdles, and I don't ex...

My Latest Trades

I'm using the banking sector as my "market tell" today. Banks made their intraday highs on the opening, and are now at or near their lows for the session. So, with the S&P 500 now about 10 handles above yesterday's low, I've begun to re-accumulate m...

My Takeaways and Observations

I will start Takeaways the way I started it yesterday. Blah, blah, blah. Too many are certain in view. Indeed, if you listen to someone who talks with certainty and is authoritative in view, hide your children from them! The only certainty is the la...

Buying More HIG and POT

I'm picking at some more Hartford Financial (HIG) for under $44 a share and Potash Corp. (POT) for under $16.15.

My Takeaways and Observations

If you say you are not confused and you are confident about the market's direction, you are likely lying, stated simply! Tuesday was a setup for today.   The Mel Brooks Market?    Speaking of Mel Brooks, I'm sick of all this Warren Buffett crap. Mel...

Will It Be Monsanto Merger Monday?

I am taking a very small spec on Monsanto (MON), which appears to be a target of two German companies. My analysis says a deal makes sense for both companies. If there is no news on Monday, win/lose/draw, I will take off this long rental. I have add...

My Latest Trades

My trades so far this morning include: I added some Potash Corp. (POT) at the opening. I covered three-quarters of my short of Nordstrom (JWN), as the retailer was down some 14% to $37.78 at last check. JWN is also way down from the $56.20 that the ...

Takeaways and Observations

I was out of the office yesterday, but my take on the session is: "Up, Down, Up, Flat." It was a mixed day in terms of economic data, with potholes everywhere. (You'd have to be blind not to see them.) It was all about retail yet again, and it sure ...

My Takeaways and Observations

Did I mention that the market has no memory from day to day? It was a busy short-side day for me today. Disney (DIS) -- why the mouse is no longing roaring.   On management B.S.  Macy's (M).   Sears (SHLD) is the elephant in the room and a possible ...

My Takeaways and Observations

My explanation for today's market advance (it's as good as anyone's!): Markets were oversold. The S&P 500 held the 50-day moving average. The put/call ratio popped back up.  From here, the key might be to watch what other asset classes rally with eq...

My Takeaways and Observations

Nyquist can now win The Triple Crown. Effortless win. I had a fun interview with Boston Red Sox fan Thomas Keene on Bloomberg "Market Surveillance."  I mused at the get go.  And one more muse.  I am a disbeliever on the China story and I'm shorting ...

My Takeaways and Observations

Mo' Apple (AAPL).  Apple, are you Sirius (SIRI)?  Food for thought from a leading economic voice, Larry Lindsey.  Makes me want to buy gold on weakness! Staying short Tesla (TSLA) and bearish on Elon "P.T. Barnum" Musk.  Thanks for the big response ...

My Takeaways and Observations

I started the day with an updated and still ursine market update: "Hey, Let's Be Careful Out There."   A new investment short -- England, via iShares MSCI United Kingdom (EWU).  EWU as a short went on my Best Ideas List. Jim Chanos and I are thinkin...

My Takeaways and Observations

My reaction to the Apple (AAPL) interview by Jim "El Capitan" Cramer.  It is amusing to me when many Apple holders and traders in the business media -- previously seeking short-term performance - now seem to rationalize the holding as a long-term in...

My Takeaways and Observations

I have a routine doctor's appointment at 3 p.m. ET, so "Takeaways" is early today. Why I quit the SDS -- aka ProShares UltraShort S&P 500 ETF (SDS).    My take on the Berkshire Hathaway (BRK.B) shindig.  My diagnosis of Valeant Pharmaceuticals (VRX)...

My Takeaways and Observations

Tech as in Wreck -- with a hat tip to Bill Veeck!  iShares China Large-Cap ETF (FXI) turned out to be an OK "Trade of the Week."  I am sticking with my Peak Autos thesis.  I added to Hartford Financial Services Group (HIG) long; its earnings, though...

My Takeaways and Observations

All Apple (AAPL) this morning. Here, here and here.  Re-shorted Amazon (AMZN) at $619-$620 yesterday (a good thing) and I'm trying to short more.  Peak Hedge Funds -- more evidence.  The man, the legend: Tattoo!  Tell Me Something I Don't Know.  Dan...

My Takeaways and Observations

Dougie "Debbie Downer" started with ursine comments about Starbucks (SBUX) and China.  China's data is fake, like Elaine told Seinfeld. Hence, my short Trade of the Week, iShares China Large-Cap (FXI). I remain committed to the view that the price o...

My Takeaways and Observations

I started the day and ended the day at my highest net short exposure in over one-and-a-half years. I had my head in two research projects today rather than in the markets. It's just as well, given the action. Remember bulls/buyers live higher and be...

My Takeaways and Observations

Bulls 10-Bears 0. At 3:00 p.m. ET we were at the highs of the day. Nary a downtick from the market lows. Short covering, programs and long buyers. Even junk is rising -- e.g., Sears Holdings (SHLD) was up nearly 9%. Boca Biff turns bullish.  Keep an...

My Takeaways and Observations

I started the day asking the meaning of our investment life and ended the day closing a chapter on the life of Seth Glickenhaus.  Some divergences and concerns emerged today, though at 3:30 p.m. ET the markets were seeing the glass, again, half full...

Rates Rate Attention in Assessing Market Movements

Understanding what drives stock value as well how you value stocks is critical in navigating the uncertainties of stock market investing.

My Takeaways and Observations

"And we talked about some old times And we drank ourselves some beers Still crazy after all these years." --Paul Simon, "Still Crazy After All These Years"  A crushing blow, financially and emotionally, for the bears today. The market didn't look ba...

My Takeaways and Observations

Doh!  A new featured column makes its debut in my Diary.  Apple (AAPL) is crapple.  Speaking of crap -- my long ProShares UltraShort S&P 500 ETF (SDS) -- my Trade of the Week -- was crapple, too. However, the prior week's Facebook (FB) short worked ...

My Takeaways and Observations

Another win today for the bulls.  Started weak, ended flat. I started the day yelling.  I ended the day explaining regarding the sale of a portion of my Blackstone/GSO Strategic Credit Fund (BGB) holdings.  In the middle of the day I cautioned about...