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 Current Take on the Market

I remain bearish and net short as we get ready for another trading week to begin. I recently substituted my short of the SPDR S&P 500 ETF (SPY) with out-of-the-money SPY puts. This strategy increases my delta and short exposure as stocks fall, which...

Today's Takeaways and Observations

Is it Friday yet? The market is almost unplayable for most. A crude reversal likely was the catalyst for the turnaround, as quants ran on board the train from the morning lows. As I mentioned this morning, there is little edge or trend right now. If...

Today's Takeaways and Observations

My investment mantra remains opportunistic trading. I came in small-size short -- average cost of about $194 shorting SPDR S&P 500 ETF (SPY) -- and ended the day at market-neutral exposure. Covered my short SPY from yesterday at reasonably good leve...

Today's Takeaways and Observations

Is it Friday yet? Remember, tomorrow is the end of the month. Markups? Also, I previously discussed the possibility of a large rebalancing to the buy side tomorrow afternoon as bonds materially outperformed equities. It could be a catalyst late in t...

For POT Heads

These Bloomberg headlines are buoying Potash Corp. (POT) this afternoon: "POTASH CORP OF SASKATCHEWAN CEO SAYS 2016 DIVIDEND PAYOUT DOESN'T LIMIT FLEXIBILITY FOR BUYBACKS, ACQUISITIONS" POTASH CORP OF SASKATCHEWAN SAYS EXPECTS CHINA POTASH CONTRACT ...

My Latest Trades

I've further expanded my long exposure this morning. Specifically: I bought Potash Corp. (POT) on the opening and the expected dividend cut. I added to some bank longs, including Bank of America (BAC), Citibank (C) and Comerica (CMA), which I just p...

Today's Takeaways and Observations

Is it Friday yet? A day full of sound and fury but perhaps signifying nothing. As I expected, the Fed acknowledged tightening financial conditions in the credit markets. Spreads have widened and the cost of debt and capital has risen. Here's my Fed ...

Today's Takeaways and Observations

My thoughts on the day to this point: The obligatory decline has occurred today, after a 90-handle move in the S&P Index over a two-and-a-half-day period. Futures near the low of the day. Not surprising to anyone. The contrary would have been a cont...

POT Prices Are Falling

Shares of Potash Corp. (POT) continue to suffer -- but importantly, the decline continues in its fertilizer-sector peer group. For example, Monsanto (MON) is down some $3 today. As one brokerage house mentioned this morning, POT's price is likely di...

Today's Takeaways and Observations

Here are my thoughts on the day: The last became the first today.  I outlined my technical rationale for thinking that yesterday's "noon swoon" might be an important market bottom.  History is my guide, not anecdotes.  An abundance of uncreative, co...

From Goats to Heroes

"So the last will be first and the first will be last."  --Matthew 20:16 Jim "El Capitan" Cramer is correct, the market is nuts.  Today's feature is the outperformance of the laggards, including high-yield debt, fertilizers -- Monsanto (MON) but not...

Today's Takeaways and Observations

 Here are my thoughts on the day: Did I mention that the market has no memory from day to day? I took today's late afternoon schmeissing as a panic low and adjusted my long exposure in my portfolio appropriately and opportunistically. All the ingred...

Today's Takeaways and Observations

Let's start with my observation that everyone should beware of instant earnings analysis in the business media. It's superficial -- three miles wide and an inch deep. Typically talking heads look at First Call estimates, then see the earnings result...

POT Is Cheap Now; Why Not Go Out and Buy Some?

POT Is Cheap Now; Why Not Go Out and Buy Some?

Don't ignore the opportunity that dislocation can provide.

Today's Takeaways and Observations

An early look at today's action: Computer-driven volatility today, again. A lot of fear in the media -- but where were they 200 handles higher in the S&P Index? The key feature, to me, was not the continued decline in oil prices; it was the strength...

Today's Takeaways and Observations

My thoughts on the day as we approach the closing bell: Very whippy market with a negative bias thus far. I have been quite bearish for some time, but I believe we are close to a tradeable bounce. On a near-term basis we are oversold; indeed, S&P fu...

Just Call It Long Addition

With buys today in Twitter (TWTR), Potash (POT), Bank of America (BAC), Citigroup (C), JPMorgan Chase (JPM), Macy's (M), Best Buy (BBY), Bed Bath and Beyond (BBBY) and Wal-Mart (WMT), among others, I have edged back to ever so  net long just now. Mo...

Today's Trades

My trades so far today include: Small shorts of the SPDR S&P 500 ETF (SPY) at $199.29 and the PowerShares QQQ ETF (QQQ) at $108.51. Small additions to the following bank/financial longs: Bank of America (BAC) at $15.12, Citibank (C) at $50.10, JPMor...

My Latest Trades

Here's a rundown of my latest trades: I've further added to my short of the SPDR S&P 500 ETF (SPY) on a scale all the way up to $205.70. I'm also adding to my longs of Potash Corp. (POT), Radian (RDN) and Twitter (TWTR) and the United States Oil ETF...

My Latest Trades

I'm buying some market laggards this morning, including Bed Bath & Beyond (BBBY), Best Buy (BBY), Macy's (M), Radian (RDN), Potash Corp. (POT) and Twitter (TWTR). By contrast, I'm shorting the market's leaders by shorting the SPDR S&P 500 ETF (SPY).

Today's Takeaways and Observations

I spent most of the day massaging and editing my 15 Surprises for 2016 -- stay tuned for tomorrow! Here are my thoughts to this point of the day. Mr. Market flatlined from the lower opening and at around 130 p.m. embarked upon a 10-handle rally in t...

Adding More Twitter, Radian and Potash Corp.

I continue to add to my long of Twitter (TWTR), Potash Corp. (POT) and Radian (RDN) today. All look like reasonable "post-tax-selling-bounce" candidates to me.

Today's Takeaways and Observations

My thoughts on the day as we near the closing bell: Second day in which the markets rebounded. At day's highs at 3:30 p.m. Last program standing will, once again, determine the last half-hour's price action. Very low volume. Bad high-frequency econo...

Fertilizer Stocks Don't Stink

The ag/fertilizer space is picking up a bid today, with CF Industries (CF), Mosaic Co. (MOS) and Potash Corp. (POT) all ticking higher. Hopefully, most of the tax-selling pressure is complete.

My Latest Trades

I've added to my shorts of the SPDR S&P 500 ETF (SPY) and the PowerShares QQQ ETF (QQQ) on this morning's ramp-up. I've also added to my long of Twitter (TWTR), as well as of Radian (RDN) and Potash Corp. (POT).

Today's Takeaways and Observations

My thoughts to this point of the day: Thus far a tepid bounce following two awful trading sessions. Spiders (up about 50 cents a share on the day) are more than a dollar off of their morning highs. The U.S. dollar was weaker against the euro, spurri...

Adding Some More Twitter, Radian and Potash

My guess (and it's only a guess) is that Mr. Market could rally over the next few days given his current oversold condition. As such, I've been adding to my longs of tax-loss candidates Radian (RDN), Potash Corp. (POT) and Twitter (TWTR).

Today's Takeaways and Observations

I am participating in a telephonic board meeting of a public company (I'm a member of its board), so this comes out earlier today. Dougie I am. I hope you enjoyed! Shkreli -- pride goeth before the fall. And then KaloBios Pharmaceuticals (KBIO) like...

The Long and Short of My 'Best Ideas' List

I have 10 longs and 16 shorts on my "Best Ideas" list. My longs are concentrated in financials and retail, while my shorts are less thematic and more based on bottoms-up research. Seems reasonable to me.

For POT Heads

Potash (POT) is catching a bid, but its peers CF Industries (CF) and Mosaic Co. (MOS) appear to be fading. So be it.