Viterra Inc.
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Re: Fertilizer mixes of various producers "Mom", <g>
"Since I am totally out of anything that has direct involvement with agriculture, I'd like to ask if anyone has a favorite ag stock . . . one or two that would be considered healthy/growing and at a DECENT entry point regarding price per share"
This is a frustrating post to respond to, but.......
*If you're not in ag at this moment, 'what' are you in, or are you in just 'cash'?
*Are there other sectors you are familiar with [with the idea that it is better to invest in something you know, as opposed to what you don't know]?
*Are you looking at this from a quick 'trading' standpoint, or longer term investment [note the "decent entry point" comment you made]? And "decent" means?????
*Are you U.S. or Canadian resident [does make a difference in investment style - particularly from tax standpoint - something everyone needs to consider.]? (Well, I guess 'Iowa' is still in the U.S., right?)<g>
* Do you correlate 'risk' factor with your 'age' bracket in your investing style?
I try to follow 'ag' because I believe it to be an important market element - to be taken into consideration along with other factors/sectors. I do not, however hold any ag stocks for a simple reason; 'ag' is currently riding high now. I note that farmland sales are at high price levels. Crops are selling at highs. 'Equipment' sales are already booming. Buy! Buy! Buy! You can't lose! What's the percentage potential 'upward' movement as compared to the potential 'downward' alternative at this point? You might want to consider other sectors than just 'ag'.............
I try to find 'turnaround' stocks, first, 'growth' stocks second, and 'special situations' when I feel gutsy. Not being familiar with Viterra I missed that 'special situation'. [I wonder how many here bought it on that basis(?)]. I hesitate to recommend issues to my contemporaries as I run far too risky a portfolio for my age. However, in this market that's hard to avoid. Having said that.............
Based upon what we've been seeing, even though 'energy' is currently high [not counting 'natty', of course] it still offers more interest in the violent world we seem to live in. If something does happen with Iran then you could have a possible hedge - depending upon where your investment is. If nothing happens then the status quo is not a bad position to be in. Supply and Demand are close, but the world [and demand] continue to grow. And...........every barrel of oil that comes out of the ground leaves one less to remove. It's funny how that all works........
It may be important, too, to first develop your own 'filter' as to 'where' you invest. Be bigoted here. Forget 'free' advice and/or trust. Use your own gut feel. I'll bet it's better than any financial news letter. For example.................
I don't invest in the Mid-East, no matter how attractive it might seem. 'China' rides high, but does not have my 'trust'; their balance sheets are meaningless and 'corruption' is king. They only 'buy' when they cant steal. And, if they do 'buy' it's because they think they can and will be able to 'steal', later. I don't invest in companies deriving their income from Africa - having lived and worked there. I learn slowly, but I do learn. I don't like Mexico, but do like Latin America - with some very specific reservations, though. Forget Russia! I love Norway and Sweden, but their shipping stocks suffer from too much capacity [albeit I do own GOGL/GDOCF.pk; (wistful thoughts, here. Sigh!)].
You may want to apply the same style 'bigotry' to the various investment sectors, as well. I know I do. For example, I've never made money off a bio-drug development stock. Hence, I stay out of that area. Besides, at my age I won't live long enough to see the stuff [drugs] eventually make it to the market place. Also.........I've learned to like companies that actually produce/sell a product, not the promise of the delivery of a 'dream'.
Lastly, I stand in front of the bathroom mirror every morning and tell myself, "Dev, you're really not smart enough to be doing this stuff. Why don't you just go out and putter in the shop today?" Hopefully, this helps..................
Starting point thoughts:
* PRE.to/PEGFF.pk: A good Colombian [Canadian, I suppose] growth energy company, 'producer', with very interesting and seemingly capable management - an important factor for me.
* CEN.to/CENJF.pk.: Both a 'growth' energy company, 'producer', and perhaps a 'special situation' as well, for those willing to hang on for an extended period. 'Thailand' to me, too, seems a hell of a lot better than, say, 'Venezuela'.
* NOVS: An absolutely crappy little financial services company that has 'reinvented' itself, a Phoenix Bird arisen from the ashes of the Financial Meltdown, and would serve as a potential 'turnaround' example. Balance sheet sucks. Ditto, 'transparency'. Management capability' is the gamble here. Not for the faint of heart, though!
Thoughts for today................
So, 'Mom', which deck of cards would you like to deal from???<g>
Dev
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| Msg # | Subject | Author | Recs | Date Posted |
| 17408 | Re: Fertilizer mixes of various producers | BigRiverDago | 2 | 3/25/2012 4:48:27 PM |
| 17416 | Re: Devalzadvok8 | a_mom_in_iowa | 3/25/2012 10:55:54 PM | |
