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Time to clear away the brush in my long-term 50 Stocks portfolio–selling four stocks out of this portfolio ahead of January rebalancing

Time to clear away the brush in my long-term 50 Stocks portfolio–selling four stocks out of this portfolio ahead of January rebalancing

In the first week of January I’m going to rebalance, per the strategy I pursue with this portfolio, my long-term 50 Stocks Portfolio. That means I’ll be taking profits in the big winners of 2017 and adding to positions in the laggards for the year ahead....

Looking for bargains? Look down on the farm

If you’re thinking of bargain hunting as global stock markets reel under the impact of what is close to open war by the Gaddafi regime on the Libyan people—but would like a little near-term positive catalyst with those lower prices, might I suggest the farm sector....

Update Potash of Saskatchewan (POT)

In a presentation at the Bank of America/Merrill Lynch Global Industries conference on December 15, Potash of Saskatchewan (POT) offered a modestly optimistic view on potash fertilizer demand for 2011—and a very bullish view for global agriculture. Potash first. The...

Update Potash of Saskatchewan (POT)

Listening to the Potash of Saskatchewan (POT) conference call today, July 29, I kept thinking that some one was going to yell, “Cue the plague of locusts.” In Russia grain production will fall by 20% because of drought, the company said. Canadian wheat production is...

Sell Potash of Saskatchewan (POT)

So was that good news or bad news that Potash of Saskatchewan (POT) announced this morning, April 28? For the first quarter of 2010 the company reported earnings of $1.47 a share and revenue of $1.71 billion. Both numbers beat Wall Street projections of $1.32 per...

Update Potash of Saskatchewan (POT)

Potash of Saskatchewan (POT) has been doing a lot of talking recently at private dinners with Wall Street analysts and Wall Street conference calls. The picture that emerges is of a company a lot more confident that it can see the turn in the fertilizer market. In a...

Update Yara International (YARIY.PK)

Yara International (YARIY.PK) reported stinko revenue and earnings numbers for the third quarter of 2009 on October 21. Net income per share, for example, fell by a little more than 88% from the third quarter of 2008. So this was exactly the kind of kitchen sink...

Update Potash of Saskatchewan (POT)

Potash of Saskatchewan (POT) lowered its guidance for third quarter 2009 and full year 2009 earnings again on Monday, September 21. The company now expects earnings of $3.25 to $3.75 for the full year versus its previous projections of $4.00 to $5.00 and the Wall...

Are you contrarian enough to own farm stocks?

So when’s the farm rebound? The U.S. Department of Agriculture can’t cut its forecasts of farm income fast enough. Farm income will drop 38% in 2009 from 2008 levels, the USDA said on August 27. The forecast of $54 billion would mark a seven-year low in farm income...

Update Potash of Saskatchewan (POT)

There’s just one more big customer negotiation standing between Potash of Saskatchewan (POT) and a bottom  for potash prices. Unfortunately for anyone hoping for a quick fix that customer is China and the Chinese are likely to take their time striking a deal. In...