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Potash= Cash
Rating: 1.00 (1 votes)
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Potash has been on a roll since july 2006 what has fueled this growth is record demand and growth of corn crop's and wheat demand.What I like most about potash is that they own three mines (cutting out the middle man).Record crops drain soil necessitating fertlizer need and also underfertilization.There are 195 ethanol plants in america taking anywhere from 25-50% of the usa corn crop for 2008.Some plants are expanding and demand for ethanol in the near term should stay at current levels or increase.Congress could stop or limit new license's for ethanol plants. Foreign demand and Potash price increse for fertilizer should fertilize profit margin's and stock price momentum . The prudent bear in me is looking for the perfect storm.I have faith in the US economy with it's keynesist policy's.The world economy in general is stable.It would not be a suprise to see potash @ 300 in a year or so IMHO e pluribus unum Ron Stach | ||
