What does it mean by log chart and can you please give a link where i can go see like that chart you posted?
USD broke it's 2001 TL against the EUR. That's why. Forget P/E.. it tells you nothing. And also forget Buffet, who tells people to ignore macro-economics is a globalized economy. Why is it so hard for people, to look at a chart that is going up parabolically and think... hmmm this might be as bubble, better stay out. In the case of POT, it was even more evident then with Cisco back in 2000, since the charts were too technically perfect (pure play of supply and demand with no fundies involved) And again as before, those that point out that another bubble was forming get ridiculed. Yawn! It gets really old.
Yeah there was a bubble in fertilizer stock prices. Now there is a correction. Keep in mind the market tends to over correct. I think fert stocks have further to fall but once they bottom they will be great buys long term.
The Mosaic (MOS) Current year P/E 2.83 (EpS $13.99) Next year P/E 2.34 This is a compelling value, absolutely cheap http://finance.yahoo.com/q/ae?s=mos
well MOS and AGU were downgraded again this morning. remember the other day. MOS missed and issued a gloomy forecast and talked about weak pricing. its DEAD!
Forecast was not gloomy, and MOS met its' own expectations INTERVIEW-Mosaic's CEO sees solid farm economy in 2009 Fri Oct 3, 2008 1:05pm BST NEW YORK (Reuters) - U.S. fertilizer producer Mosaic Co (MOS.N: Quote, Profile, Research) expects a solid farm economy in 2009 and does not see next years crop plantings being hurt by the effects of the credit freeze, its chief executive officer said in an interview. "To say no, there are going to be no implications (on the farm economy from the credit crunch) that would be careless and whistling past the graveyard. But, we see the farm economy as solid and our reports are that banks are still lending to farmers," said CEO Jim Prokopanko. Prokopanko spoke to Reuters late on Wednesday after the company reported fiscal first-quarter results that missed Wall Street's expectations and warned it would lower phosphate production due to excess phosphate inventories in global markets. Shares of the fertilizer producer tumbled more than 40 percent on Thursday. Mosaic's earnings miss, coupled with analysts' downgrades of other agribusiness companies pummeled shares of farm equipment makers, seed producers, grain processors and other fertilizer companies. Prokopanko said the results met his expectations and the company remained confident that the fundamentals in the agricultural sector remained strong. http://uk.reuters.com/article/basicIndustries/idUKN0247600220081003 And what about Canaccord Adams' ratings? They are Disinformation and a contrarian indicator 09-Jul-08 Canaccord Adams Initiated MOS Buy target price $210 24 September Canaccord reiterated Buy opinion and $210 price target on MOS 03-Oct-08 Canaccord Adams Downgraded MOS Buy Hold According to Canaccord Adams investors had to buy MOS in July at $140, and investors had to buy MOS few days ago around $87, and now at $42 they can hold their shares. Isn't hilarious? http://aolsvc.merriam-webster.aol.com/dictionary/disinformation
Credit Suisse's rating is more sensible October 3, 2008 09:11 EDT MOS theflyonthewall.com: Recommendations story about MOS from Credit Suisse Credit Suisse lowered MOS estimates citing near-term uncertainty and higher cost of capital. Target to $105 from $195. Shares remain Outperform rated.