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Potash Could Be Forced To Negotiate With BHP Billiton
Tuesday, October 19, 2010 - 10:03am | 261In an original Reuters report, BHP Billiton (NYSE: BHP) announced a hostile bid in August for its attempt to take over Saskatchewan based Potash Corp (NYSE: POT). Potash persistently declined the offer and told investors that other offers would emerge, though this has yet to be the case. While a...
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As Times Runs Out, Potash To Sue For Peace
Tuesday, October 19, 2010 - 8:43am | 143Time has run out for Potash (NYSE: POT) to find an alternative to the bid made for it by BHP Billiton (NYSE: BHP). The deadline for the $39 billion offer is November 18. Potash could let that date come and go, but would face shareholder suits if it cannot find a higher offer. BHP Billiton has...
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Converted Organics Completes Restructuring Transactions
Tuesday, October 19, 2010 - 7:38am | 131Converted Organics Inc. (Nasdaq: COIN) today announced that it has completed a series of transactions that have eliminated a total of $19.3 million in debt, $2.3 million in liabilities and approximately $22.0 million in future interest and lease payments related to the Company's manufacturing...
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Pain is Good 10/18/10
Monday, October 18, 2010 - 3:53pm | 616There have been very few trades in my career that were so one sided and eventually markets do correct believe it or not. Long commodities and short dollars will not last forever and we're anticipating this week to be the turning point. The day started with Crude looking as if a correction was...
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Zacks Industry Outlook Highlights: DOW,AGU,CF,DD,PPG - Press Releases
Monday, October 18, 2010 - 9:36am | 1104For Immediate Release Chicago, IL – October 18, 2010 – Today, Zacks Equity Research discusses the Chemical industry, including Dow Chemical (DOW), Agrium (AGU), CF Industries (CF), DuPont (DD) and PPG Industries (PPG ). A synopsis of today's Industry Outlook is presented below. The full article...
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Rio Tinto-BHP Billiton JV Cancelled - Analyst Blog
Monday, October 18, 2010 - 8:15am | 593The much awaited joint venture between BHP Billiton Ltd. (BHP) and Rio Tinto (RTP) to produce iron ore in Australia was mutually dissolved with no break fee. The joint venture, which was proposed in June, last year, came to an end after it was disapproved by some of the Australian regulators....
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Chemical Industry Outlook - Oct. 2010 - Industry Outlook
Monday, October 18, 2010 - 1:33am | 1913OVERVIEW The chemical industry comprises of companies engaged in the processing and refinement of agricultural and industrial chemicals as well as gases. Chemicals are used to make a wide variety of consumer goods besides being necessary in the agriculture, manufacturing, construction and services...
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Goldman Reiterates Conviction Buy On CF (CF)
Friday, October 15, 2010 - 6:43am | 138Goldman Sachs is out with a research report this morning reiterating its Conviction Buy List rating on CF Industries Holdings, Inc. (NYSE: CF), as it believes margin expansion will help the fertilizer group this quarter. It raised the price target on CF to $134. In the note sent to clients,...
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Mad Money Lightning Round: Cramer Advises Investors To Hold Deere (DE, CRUS, EBR, SLW, SLV, CPL, AGU, CF)
Friday, October 15, 2010 - 5:35am | 221On CNBC's Mad Money, Jim Cramer said during the Lightning Round that the share price of Deere & Co (NYSE: DE) will go up to $100. He mentioned that even though some investors can sell right away and make money, but they should not as they should wait and sell later when the share price is even...
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Sinochem Scraps Potash Plans
Friday, October 15, 2010 - 3:39am | 173Sinochem International, once viewed as the most viable threat to launch a counter-offer to BHP Billiton's (NYSE: BHP) $38.6 billion hostile takeover bid for Potash Corp. of Saskatchewan (NYSE: POT) is giving up those plans. Sinochem, China's largest chemicals trader, has had difficulty securing...
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2010 Fund Performance Period 10
Thursday, October 14, 2010 - 2:45pm | 4455If, after reading the blog content you might have an interest in participation for the mutual fund, please consider reading why this blog exists. Conditional launch date should be November 2010. [Jan 2008: Reader Pledges Toward Mutual Fund Launch] [May 2008: Frequently Asked Questions] Our story...
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Goldman Sachs Positive on Monsanto (MON)
Thursday, October 14, 2010 - 8:27am | 149Goldman Sachs is out with a research report this morning, where it gets incrementally positive on Buy rated Monsanto Co. (NYSE: MON); it has a $64.00 price target on the stock. The GS analysts noted that MON shares have been under some pressure since early August as the market reacted to initial...
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ETF Trends… Bubble in Agriculture? (MOO, POT, MON, ADM, MOS, BHP)
Thursday, October 14, 2010 - 8:24am | 159Higher ethanol, potash demand, ag-super-mergers, surging food prices… and now an ETF crossing the $2 billion in assets mark. You have to ask if a bubble is being formed in agriculture. Today came news from Van Eck Global that its Market Vectors Agribusiness ETF (NYSE: MOO), the most targeted ETF...
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PotashCorp's "Pledge to Saskatchewan" (POT)
Wednesday, October 13, 2010 - 8:04am | 154Potash Corporation of Saskatchewan Inc. (NYSE: POT) explores strategic alternatives to maximize value for its stakeholders, the company's Board of Directors and executive management team have established a "Pledge to Saskatchewan" that incorporates many of the company's existing practices, as well...
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Benzinga Called It! Converted Organics Gains 25% in 3 Weeks (COIN)
Tuesday, October 12, 2010 - 1:46pm | 186On September 24, Benzinga pointed out a few stocks that could benefit if marijuana is legalized. One stock, Converted Organics Inc. (NASDAQ: COIN), has performed extraordinarily well in the time since the article. Converted Organics operates processing facilities that use food waste and other raw...