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 [...]
Potash Corp. to Cut Production 20 Percent; Will Pricing Be Preserved? (POT)
Potash Corp. came out late yesterday and joined the likes of Mosaic (MOS) and Uralkali in cutting production of its chief product, as they will reduce 2009 potash output by roughly 20%, beginning in January.
CEO Bill Doyle sees demand as only temporarily weak, noting a slowdown in the availability of credit and a general “wait [...]




