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Tale of the Tape  

Fertilizers Coming Back

October 07, 2008 | Comments: 0
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POT | IPI | MOS | AGU
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If Monday saw Agrium (AGU - Analyst Report) and Potash Corp. (POT - Analyst Report) drop sharply following a cut in their outlook by analysts, they were up around 6.5 and 5.5% a day after. However, Intrepid Potash (IPI - Snapshot Report) shines brighter with a gain of 7.77% intraday.

Agriculture stocks have been lashed severely since Mosaic (MOS - Snapshot Report) reported a mixed Q1 earnings on October 2. The company’s worrisome production outlook did not help matters either, and Mosaic had fallen around 41% on that day. Taking the cue, Potash had slid by around 35% till yesterday.


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