What are you buying?

[andrewf]

I have a hard time believing they will ever give out a dividend.

So you value them at zero? The share price is the discounted value of expected future cash flows--either dividends or share buybacks. But for any of the shares to have any value, there has to be an expectation that the company is either acquired for cash or will pay a dividend.

[andrewf]

As far as never paying out any cash, if they don't use their cash to buy back stock or issue dividends, they morph into bond funds that sell phones.

[Homerhomer]

KaeJS: unfortunate timing that you bought POT on Friday, not only because of this week's volatility, but also because POT & a lot of other fertilizers got downgraded on Monday.

Fortunately POT is a leader in the industry and we just passed 7 billion ( that's good for potash, bad for the rest of the planet) mark of the population. Short term wrong purchase for Kaej (and myself), mid to long term this is a solid company and with the market swings we are experiencing there could be an opportunity to average down even more, or we could both swing into profit before the end of the month ;-)

[Toronto.gal]

Short term wrong purchase for Kaej (and myself), mid to long term this is a solid company..

Could not agree more! I have been buying/accumulating shares since 09 under all my accounts! However, when I caught on about the volatile nature of this great stock, I also began trading it under my TFSA & using the profits to buy more POT.

7 billion people and growing; scary!

[Argonaut]

Sold ABV for a small profit. Should have held my bearish bets, but oh well. Raising a bunch of US cash. May sell CGL and buy GLD for a modified gambit to use some of my US dollars.

[KaeJS]

I bought 490 shares of POT.TO @ $50.25 for a long term hold

My entire Trading Portfolio is worth your single investment in Potash.

That blows my mind!

And yes.... I am waiting to average down. I was going to buy more at $46, like I said I would, but I didn't.

I figure I might as well ride this downward spiral and try to get it below $45.

I really can't afford it. Margin is starting to call my name. I can hear his call flowing through the air as he approaches closer, and closer....

[KaeJS]

Shoulda bought yesterday. Hindsight is 20-20!

In for another 50 POT.TO at $47.50.

AVG Price = 100 @ $48.75

[Toronto.gal]

POT at $47.50 is still a great price KaeJS! I guess you don't listen to ddkay [about averaging down].

[Toronto.gal]

Traded TLM!

[webber22]

Any risk takers out there can now trade MF Global, down 79% as it resumed trading today under MFGLQ. It's supposed to have wild swings for the next little while ...