Stockchase Insights BUY
Nutrien Ltd.(NTR-T)
17/06/2024
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research
NTR mentioned it is turning to AI, and more so automation, to help with increased efficiency and reduce workplace injuries for its employees, and that it will spend $15 to $20 million per year over the next 10 years to make this a reality. We feel the market mostly ignored this as it seems to be more of the use of 'automation' rather than brand new AI tech, and for now the improved efficiencies are not quantified but the annual investment cost has been quantified by the company.
The company is still in the bottoming process from its large decline over the past couple of years, and we would be OK slowly accumulating a position here, and seeing if price can hold in this mid-$60s range.
Agriculture
$69.600
Unknown