This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

6 Agriculture Stocks With Upside

2. Potash Corporation of Saskatchewan (POT - Get Report) is an integrated fertilizer and related industrial and feed products company owning five potash mines in Saskatchewan and one in New Brunswick and Canada. The company has nitrogen facilities in Georgia, Louisiana, Ohio and Trinidad.

Second quarter 2011 sales were reported at $2.3 billion, up 61.8% from the same quarter last year. The company achieved potash production of 2.6 million metric tons, vs. 2.2 million metric tons in the prior-year quarter.

The company recorded second-quarter earnings of $840 million, increasing 81% from $480 million in the second-quarter of 2010. Higher sales and rising prices doubled EBITDA to $793 million from $411 million in the corresponding period of 2010.

Heading into the third quarter, EPS is estimated between 80 cents and $1, while the company's full-year 2011 earnings per share guidance range has been revised upwards to $3.4 to $3.80. The company recently announced a $7.6 billion potash expansion plan to improve operational capacity at its potash mine sites. This program is expected to improve operational capability to 17.1 million metric tons by 2015. Besides production, these expansions would help create jobs and support local businesses and communities, thus benefiting the economy at large.

Of the 21 analysts covering the stock, 71% recommend a buy. The stock is trading at 12 times its estimated 2011 earnings with estimated upside of 51% in the next one year.

5 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
CF $288.55 -2.00%
MOS $44.60 -0.87%
MON $117.70 -0.64%
POT $32.99 -1.08%
SYT $69.00 0.17%


DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs