IPL - I Punt Low
by, 18th-June-2009 at 11:54 AM (653 Views)
Is IPL still a good bet for long? Read this and find out more....
Mosaic Co., North America’s second-largest fertilizer maker, slumped the most since March 2 after German rival K+S AG said it expects a “further significant reduction in revenues and earnings” this year, citing continued “extraordinary weak demand” for potash fertilizers.
Mosaic tumbled 9.7 percent to $46.25. Potash Corp. of Saskatchewan Inc., the world’s largest maker of its namesake crop nutrient, slipped 11 percent to $95.59.
In another news a few weeks back, the Russian supply was reported to be facing poor demand too.
Time for caution with this one, I reckon.