Nutrien Ltd T.NTR

Lower Price Than Pre-Pandemic?

[50centdollars]

It looks to me that, adjusted for the share count, this stock is now priced lower than it was pre-pandemic.  Now that doesn't necessarily make it cheap.  Notably interest rates are higher than pre-pandemic, and possibly going higher still.  But I think this is a solid long-term buy at these levels.  I think the dividend and buybacks are sustainable here, which makes the yield pretty compelling.

[1condor]

I am going to wait for the 60's. I feel for the poor buggers who got sucked in around 130. 

[50centdollars]

Yeah, I don't see this going back to $130 any time soon - always risky to chase stocks during abnormal times/market shocks.  But with the divvy at 4% and the buyback in place, shareholder returns look pretty appetizing at current levels.  With interest rates possibly going higher, I'd also like to see them be more aggressive in paying down debt, and less aggressive in capital