RE: $50 = 4X next years earningsThis is a great buying opp.
Mosiac is down big time today because they are going to cut phosphate production due to high inventory levels. Phosphate is only 11% of AGU's earnings. They are 35% Nitrogen/22% Potash (which remain bullish) and over 30% from its Retail operations. MER is crazy.
Share buyback will help create a floor on this stock starting Monday.
Be sure to listen to the presentation today at 3:25 EST.
https://www.agrium.com/investor_information/index_9092.jsp