A Day Of Pride For Agrium & A Day Of Shame For Potash Corp

A Day Of Pride For Agrium (AGU) & A Day Of Shame For Potash Corp (POT) by Global Slant

Agrium Has All Of The Negotiating Leverage In Potential Deal With Potash Corp.

The all too frequent miscues and misfires of Potash Corp’s [POT] executive ranks, since 2008, have come into focus today with the disclosure of a potential “merger of equals” with Agrium [AGU].

The equity values may equate at $12B [prior to the leaked deal talks earlier today] but management’s acumen has been anything but equal as AGU’s bifurcated strategy of retail + wholesale has proven far superior to POT’s patient, and ineffective, commercial approach.

It is clear, from the monthly price chart below, that AGU has weathered this miserable agricultural nutrient...