Friday, November 5, 2010

What's next for Potash

Canadian government rejected the bid for Potash from BHP on Wednesday. The stock was down to below 140 U$ yesterday as expected. I bought 100 shares @ 140.8 C$. There are some probabilities on other bids or BHP coming back. However, if there is no more bids, the company is worth about 150 U$, given how weak the U$ is. The easy money policy will eventually lead much higher commodity prices.

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