Topic: How To Invest

What is Pat’s commentary for the week of April 21, 2020

Article Excerpt

Nutrien’s shares dropped as much as 33% in the recent market downturn—from $52 to as low as $35. But the stock has rebounded to today’s price and is now down just 5%. The recovery has come as investors have realized that for a number of reasons, the company’s outlook is strong, and the stock offers you an attractive mix of growth and income. Key to Nutrien’s near-term prospects during the COVID-19 crisis is that the whole food supply chain has been designated as an essential priority service by most governments including the U.S. That’s not to say there won’t be disruptions in transportation and logistics, or health and safety slowdowns affecting its farming customers or at its retail stores. But the company’s strong cash flow, ongoing cost savings from its 2018 merger (more on that below), solid balance sheet and leading market position bode well for its prospects. Our Successful Investor research department drew up this Inner Circle Spotlight report on Nutrien…