Nutrien, the world largest potash mining company, is projected to report earnings of $0.96 per share, which would represent a year-over-year decline of 61.75%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.68 billion, down 30.6% from the year-ago period. Analysts advise "Sell today".
I have been collecting potash shares for the last twenty years and now am losing much money. The war in Ukraine, instead reducing the offer as I expected, incentivizes the massive dumping of the mineral at any price. In this case, war is no good for business.
Yet, I am not selling. The world needs potash fertilizers.
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