Potash Corp (NYSE: POT) Slashes Q2 Earnings Est; Group Holding Up Surprisingly Well
Potash Corp of Saskatchewan Inc (NYSE: POT) issued a major cut to 2nd quarter earnings estimates yesterday, now calling for just $.70/share from earlier guidance of $1.10-$1.50. While this is certainly disappointing for investors in the entire space, shares of Potash Corp. are impressively holding their own today, currently down just 2% after falling nearly [...]
Is Potash Corp. Tracing a Bottom in Pen?
From the outset of the month, Potash Corp. (POT) joined the agriculture, energy, and materials stocks on a gyrating ride, consistently twice as volatile (or more) as the overall market. And that’s really saying something considering the VIX has been tailgating in the $50-plus range for the whole of the month.
Investors who simply like the [...]
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