3 Reasons To Buy Potash While The Stock Is Down
By Trade In Mexico:Potash Corp. (POT) shares have recently declined to the low end of the recent trading range, and this is creating a potential buying opportunity. This company is a leading manufacturer of potash which is used in fertilizers. The stock was trading around $47 in early April, but it dropped about 10% after the company reported earnings. Potash Corp. reported a profit of 56 cents per share for the first quarter of 2012. This was below the average analyst estimate of about 64 cents. The company also reduced guidance for full-year 2012 profits, which are now expected to be in a range between $3.20 to $3.60 per share. While this news is disappointing, it should only have a short-term impact on the stock, as the longer-term potential remains strong. Here are 3 reasons why investors should consider buying Potash shares while the stock is down:1. Fertilizers are a key componentComplete Story »
- Original article
- Login or register to post comments

