Commodity Agriculture (Citi) F1Q09 Preview Buy 1H MOS (Mosaic Co) Price (29 Sep 08) US$63.75 Target price US$150.00 Expected share price return 135.3% Expected dividend yield 0.3% "We are lowering our target price to $150/sh from $183/sh based on valuation multiple compression across the materials sector and the broader market. However, our positive long-term position on the North American fertilizer market remains unchanged. Maintain Buy/High Risk rating. Ææ Phosphate ¡X We estimate phosphate gross profit of $1,288 mln on realized pricing of $1,080/tonne (+$326/tonne QoQ), shipments of 2,235k (-118k tonnes QoQ) and unit costs (excluding ammonia and sulfur) of $100/tonne. Management guided to an average realized price of $1,020-$1,080/tonne. ...."
Citi Maintains a Buy on Mosaic Co (MOS), September 30, 2008 target price $150/sh http://www.streetinsider.com/Analys...MOS),+Drops+Price+Target+to+$150/4027254.html
Associated Press 09.30.08, 11:22 AM ET On Tuesday, analysts cited Plymouth, Minn.-based company's attractive valuation. Soleil Securities analyst Mark Gulley estimates that Mosaic generates a robust free cash flow yield of about 16 percent. Free cash flow, or operating cash flow minus capital expenditures, measures a company's ability to generate cash and reward owners. It also is more difficult to manipulate than net income. Gulley also said that with shares trading at three times the company's earnings before income, taxes, depreciation and amortization, a buyout of the company could be paid for in three years. Citi Investment Research analyst Brian Yu reiterated his "Buy" rating on the shares and his "positive long-term position on the North American fertilizer market." http://www.forbes.com/feeds/ap/2008/09/30/ap5489700.html
2:28PM CST: MOS 69.08 HAHAHA, Have fun with your position stock_trad3r, looks like its trading 54.85 now!!!
Overreaction. A miss was priced in at $69 , down from $161 June high MOS: Revenues for the quarter were $4.3 billion, versus the consensus of $4.11 billion. Reaffirms forecast for sales volume. Phosphate sales volume for FY09 has been reduced to 8-9 million tonnes. Potash sales guidance is unchanged at 8.2-8.6 million tonnes. Net income in the quarter ended Aug 31 was $1.18 billion, or $2.65 a share, up 284% from a year-ago's profit of $305.5 million, or 69 cents a share. Mosaic's gross margin for the first quarter fiscal 2009 was $1.6 billion, or 38.1% of net sales, compared with $521.8 million, or 26.0% of net sales, a year ago.
Tomorrow Canaccord Adams' opinion will be very funny Few days ago they reiterated Buy opinion and $210 price target on MOS It looks like Canaccord Adams missed badly. That analyst should retire, he should shut up forever