I’ve been arguing for over two years that the potash international business was vulnerable to the lack of buying power of its major customers combined with their desire to be ‘Canpotex-free’, plus the increasing competitiveness of the Russians and Belarusians. And this has played out pretty much as forecasted. The stock is trading at $40 USD versus $60 a year and a half ago.

(October 17, 2014 – POT $31.92 US)