Die Erträge explodieren weiter! Lest euch den Artikel durch, da seht ihr, dass die Gewinne nicht einbrechen sondern noch weiter ausgebaut werden. Der KGV 2009 von K+S ist unter 5 (wenns gut läuft sogar unter 4!)
Eine Zusammenfassung von der heutigen Analystenkonferenz (K+S; Potash Corp etc. waren dort; das hier ist für Agrium, gilt aber genauso für K+S etc.)
Agrium sees earnings jumping on fertilizer prices
* Reuters
* , Wednesday September 17 2008
(Recasts with CEO comments about earnings potential, adds comments from interview with CEO)
By Roberta Rampton and Euan Rocha
WINNIPEG, Manitoba/NEW YORK, Sept 17 (Reuters) - Fertilizer producer Agrium Inc has "huge" potential to dramatically boost its earnings thanks to high prices and demand for crop nutrients, its chief executive told an investor conference in New York on Wednesday.
With current fertilizer prices and costs, Calgary, Alberta-based Agrium could earn $15 to $17 a share annually, CEO Mike Wilson said at a Credit Suisse conference.
"It's not guidance, but it's a snapshot of what our earnings would be today, with today's pricing and all today's production, and it's quite huge," he said.
Agrium earned $3.25 a diluted share in 2007, but has not yet provided a forecast for 2008.
The world's third-largest nitrogen producer and largest U.S. retailer of fertilizer and farm chemicals, has raked in profits as record grain prices motivated farmers to look to boost yields.
"Our business is as strong as ever, farmers margins are as strong as ever -- they are still two three times what they (farmers) have been used to -- and we haven't seen any cutbacks," Wilson said in an interview in New York.
But Agrium's shares have plunged since peaking at C$116.15 in June on the Toronto Stock Exchange as grain prices eased and investors turned from commodities.
The shares were down 4.6 percent at C$78.20 on Wednesday.
"It's always a pleasure to come here when your stock has gone down 30 some odd percent over two months and your earnings potential has gone up likely by the same amount," he told the conference.
Wilson said nitrogen, phosphate and potash margins at today's costs and prices are more than double what they were in the company's second quarter, creating strong potential for its earnings.
Farmers continue to net strong returns from crops, despite higher fertilizer costs, he said, and world grain stocks will take more than two years to rebuild, maintaining demand.
Potash prices in the U.S. Midwest have topped $1,000 a tonne, Agrium said in data posted on its website, up from $618 in the second quarter.
Agrium, the smallest of Canada's three main potash producers, is looking at four sites for a new mine and will make a decision on the project late next year, Wilson said.
Most companies are focusing on expanding potash and phosphate capacity, he said, but there has been limited enthusiasm to build nitrogen plants.
That could lead to nitrogen prices remaining strong in the future, he said.
"All three nutrients are looking great, but nitrogen may be the surprise," Wilson told Reuters.
Agrium wants to double its retail operations again after a series of acquisitions gave it a market share of 15 percent in the United States, making it three times larger than its nearest competitor, he said.
"It's going to be a little more difficult this time," he said. "Rather than doing the big moves, you may see us doing a number of small moves."
($1=$1.08 Canadian) (Reporting by Roberta Rampton and Euan Rocha; editing by Rob Wilson)
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Lennyxxx
: Das betrifft wohl hier einige! Gearde den Bereich von H -M ! also im dem Sinne das wird sc
