Potash Unlikely to Return to Normal - Credit Suisse (POT) (IPI) (CMP)

September 9, 2013 1:02 PM EDT Send to a Friend
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Price: $36.63 +0.49%

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    Up: 13 | Down: 18 | New: 41
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Credit Suisse analyst Christopher Parkinson thinks investors are overreacting to rumors that a Russian investors will take a stake in Uralkali. Related stocks moved higher in reaction to Forbes reports that Kerimov may exit its stake in Uralkali. Some view Kerinov as the main engineer of the company's "volume over price" strategy, which roiled potash stocks at the end of July.

Credit Suisse analyst Christopher Parkinson thinks a return to normal is "extraordinarily unlikely" even with a new Uralkali shareholder structure. Either way he doesn't think the situation will be resolved near term.

Credit Suisse has an Underperform rating on Potash Corp. (NYSE: POT), Intrepid Potash, Inc. (NYSE: IPI), and Compass Minerals International Inc. (NYSE: CMP).

For an analyst ratings summary and ratings history on Potash Corp. click here. For more ratings news on Potash Corp. click here.

Shares of Potash Corp. closed at $30.17 yesterday.


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Comments

Potash Unlikely to Return to Normal
L.Gariepy on 2013-09-09 16:52:22
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I don't think that the hope Russia could change anything is want excited the investors. It was the contract between India and Russia that at last put a floor price for potash.


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