RE:RE:RE:RE:Great article on NPKseriousinvest wrote: I want to add to my position which I started this month but is now down over 25%. I am waiting for it to finally stop dropping. Any idea why it has performed so poorly an why it keeps going down almost every day? You would think it had bottomed by now.
Q4 results won't be out until March and MOP CFR has been weak due to heavy stockpiles being slowly worked off. It's a buyers market right now with farmers having the upper hand due to this supply glut that none of the industry insiders expected. Cris said on the recent cc there would be some forthcoming positive NR's so we will see if an NR surprise catalyzes buying interest but for now there's a lot of swing and momentum traders that have crowded out the longer term story and only confirmed execution and a retention of above historical average margins into peak 2023 sales season will underpin a resurgence in share price strength. All imo.