Mosaic fundamentals near a bottom, says Goldman Goldman recommends buying Mosaic on any weakness following it Q2 report on January 4. The firm believes challenging fundamentals are understood by investors and that 2013 has visible catalysts that include new China/India contracts in Q1 and margin opportunities in Phosphates. Shares are Buy rated with a $68 price target.
News For MOS From The Last 14 Days
Check below for free stories on MOS the last two weeks.
Mosaic lower after deferring potash expansion Mosaic, which produces and markets phosphate and potash crop nutrients for the agriculture industry, is trading lower after saying it is scaling back its potash expansion on a company conference call. WHAT'S NOTABLE: Mosaic CFO Larry Stranghoener said the company is deferring a project to add 2M metric tons a year of potash production capacity. Stranghoener added that the company will reassess market conditions within the next 12 to 24 months and "make a determination at that time whether those projects are warranted." PRICE ACTION: Mosaic shares are trading down $2.23 or 3.52% to $61.05 in afternoon trading.
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