Quote from S2007S: When GOOG was 700 everyone thought it was going to $1000, what happened, stock fell over 45% ... I still think Google is going to 1000. That's why I bought them at 425 back in March.
S&P Lifts Mosaic To Investment Grade (MOS) The Mosaic Co. (NYSE: MOS) has just received an Investment Grade rating from independent ratings agency Standard & Poor's Ratings Services. http://www.247wallst.com/2008/06/sp-lifts-mosaic.html
Only an amateur would think the best money to be made in the fertilizers is directionally long. I think calling tops in the fertilizers is a risky bet when companies flush with cash and cheap evaluations (TRA) are in an industry of continually increasing demand. How can you pick tops and bottoms in commodities?
MOS is cheap too ( 2009E EPS is $14.7) Bull market for fertilisers seen lasting for years "All fertiliser companies are showing good profits at the moment -- some would argue extraordinary profits," said Ken Bowler, marketing manager at GrowHow UK Ltd, Britain's last remaining producer of nitrogen fertiliser. "I would probably think the next five years is a good time to be in this business," he added, noting stock market prices for leading fertiliser companies reflected that confidence. http://www.reuters.com/article/marketsNews/idINL3042484020080530?rpc=44
June 9, 2008 7:44 AM EDT Goldman Sachs added Mosaic Co. (NYSE: MOS) to its Conviction Buy List http://www.streetinsider.com/Analys...MOS)+to+its+Convictinon+Buy+List/3725486.html
Analyst Previews Mosaic's (MOS) Q1 Earnings; Reiterates Buy September 24, 2008 11:15 AM EDT Canaccord Adams is out with a research note previewing The Mosaic Company's (NYSE: MOS) Q1 earnings, which are expected out after the close on Wednesday, October 1. The firm reiterates its Buy rating and $210 price target on shares of Mosaic. The firm expects Mosaic to report sales of $4.204 billion and EPS of $2.95 for the quarter. These numbers compare to the Street estimates of $4.12 billion in sales and $2.93 in EPS. Canaccord believes "Mosaic will report strong top- and bottom-line growth driven by margin expansion due to continued strength in phosphate and potash pricing." The firm also expects Mosaic's management to reiterate its FY09 production output guidance and issue a pricing outlook for Q2. Canaccord notes that Mosaic stock currently trades at 5.9x expected FY09 EPS, which compares to its peer group's average of 6.7x. The firm said its price target on Mosaic is based on 15x the firm's FY09 EPS estimate of $14.52. Canaccord's $210 price target represents potential price appreciation of 140% from current levels. http://www.streetinsider.com/Analys...MOS)+Q1+Earnings;+Reiterates+Buy/4014907.html