{"id":4850,"date":"2009-09-21T08:02:20","date_gmt":"2009-09-21T12:02:20","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=4850"},"modified":"2016-09-20T05:00:49","modified_gmt":"2016-09-20T09:00:49","slug":"potash-pot-cuts-guidance-sales-soft-outlook-dim","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2009\/09\/21\/potash-pot-cuts-guidance-sales-soft-outlook-dim\/","title":{"rendered":"Potash (POT) Cuts Guidance &#8211; Sales Soft, Outlook Dim"},"content":{"rendered":"<p>Last week we sold short Potash (POT) <strong>again<\/strong> after covering at the sub $ 90 price the week prior. It had run back towards $ 97 and that appeared to be an ideal place to add the position as there is a good amount of resistance at that level.<\/p>\n<p>Yes, Cramer is still bullish on the position. In fact, just last week I saw a replay of him again telling callers to get <!--more-->out of other agriculture plays and switch to Potash, over and over.<\/p>\n<p>What we know is that many large buyers (India and China as examples) have been negotiating prices on orders to a level much lower than the market pays. AND, if we know it&#8230;. other buyers know it, thereby  effectively putting a ceiling on revenues and margins.<\/p>\n<p>On this announcement, shares were off by 4% in after-hours trading.<\/p>\n<p>From MarketWatch<\/p>\n<blockquote><p>Potash Corp. of Saskatchewan Inc. late Friday cut its fiscal 2009 earnings forecast, citing lower-than-expected potash sales volumes as reason for the revision. Potash said demand continues to be slow, and that there&#8217;s limited restocking by fertilizer distributors worldwide. Potash now expects earnings of $3.25 to $3.75 a share. It previously expected $4 to $5 a share. Analysts polled by Thomson Reuters currently expect $4.16 a share for the year. Potash also expects third-quarter, per-share earnings to come in at the low end of a range between 80 cents to $1.20. Analysts currently expect 93 cents a share in earnings.<\/p><\/blockquote>\n<p style=\"text-align: center;\"><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2009\/09\/potash_short092009.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-3986 aligncenter\" title=\"potash_short092009\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2009\/09\/potash_short092009.jpg\" alt=\"potash_short092009\" width=\"505\" height=\"419\" \/><\/a><\/p>\n<p style=\"text-align: center;\">\n<p style=\"text-align: center;\">Disclosure: <a title=\"Horowitz &amp; Company\" href=\"http:\/\/www.horowitzandcompany.com\">Horowitz &amp; Company<\/a> clients may hold positions of securities mentioned as of the date published.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last week we sold short Potash (POT) again after covering at the sub $ 90 price the week prior. It had run back towards $ 97 and that appeared to be an ideal place to add the position as there is a good amount of resistance at that level. Yes, Cramer is still bullish on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[12,21,42],"tags":[300,292,490],"class_list":["post-4850","post","type-post","status-publish","format-standard","hentry","category-markets","category-short-ideas","category-stocks","tag-portfolio","tag-short","tag-stocks","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/4850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=4850"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/4850\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=4850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=4850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=4850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}