The Successful Investor Hotline – Friday, March 20, 2015

Article Excerpt

POTASH CORP. OF SASKATCHEWAN, $40.70, Toronto symbol POT, fell 2% this week after the Saskatchewan government said it would change the timing of certain tax breaks for new potash mines and expansion projects. The province is also reviewing how it taxes potash producers. Potash Corp. expects the new rules to cut its pre-tax earnings by $75 million to $100 million (Canadian) in 2015. To put that in context, Potash Corp. (which reports its results in U.S. dollars) earned $1.5 billion, or $1.82 a share, in 2014. The company expects to complete its current $6-billion U.S. expansion plan in 2016, so the new rules will have little impact on next year’s earnings. Potash Corp. is still a hold. Potash Corp. was recently covered in The Successful Investor Hotline for March 6, 2015. Click here to access it. Potash Corp. was recently covered in the March 2015 issue of The Successful Investor. Click here to access it. AGRIUM INC., $136.57, Toronto symbol AGU, also fell this week in…