Why the Potash Stock Bubble Is About to Pop
Jul 10th, 2008 | By Andrew Mickey | Category: Featured, Financial NewsAccording to AP, potash producers will continue on their impressive uptrend because demand for fertilizers still exceeds supply.
But Andrew Mickey says the soaring price of natural gas will hit fertilizer manufacturing profits hard — and hurt potash stocks in the process.
In the last twelve months, two leading potash producers, The Mosaic Company (NYSE: MOS) and Potash Corp (NYSE: POT) have seen share prices rise 260% and 176% respectively.