Topic: How To Invest

The Successful Investor Hotline – Friday, April 17, 2020

Article Excerpt

NUTRIEN LTD., $50.25, Toronto symbol NTR, remains a buy. The company took its current form on January 1, 2018, when Agrium Inc. (old symbol AGU) merged with rival fertilizer producer Potash Corp. of Saskatchewan (old symbol POT). Potash Corp. shareholders received 0.40 shares in Nutrien for each POT share they held; Agrium investors received 2.23 shares for each AGU share. The company continues to expand its retail operations, which sell seeds, fertilizers and other agricultural products to farmers. It currently has over 2,000 stores in North America, South America and Australia. This week, Nutrien agreed to buy Tec Agro Group, which produces soybean seeds for farmers and operates eight retail stores in Brazil. That will increase the company’s retail presence in that country to 25 stores. Nutrien has not yet said how much it’s paying for Tec Agro, but the new operations will add $200 million U.S. to its annual revenue of roughly $19 billion U.S. Nutrien recent coverage: Hotline for April 3, 2020 April 2020…