Saturday, May 7, 2016

Recent Buy

       Everyone one the planet needs to eat to survive.  Can we possible profit from this fact?  Yes, we can indeed profit from this.  Healthy food is the food that is grown and not processed food.  In order to grow healthy food, you need to have good soil to grow the food.

       On May 2, I made a purchase in Potash Corporation of Saskatchewan on the Toronto Stock Exchange.
       PotashCorp is the world’s largest fertilizer company by capacity, producing potash (K), nitrogen (N) and phosphate (P). These primary crop nutrients are vital to maintaining healthy and productive soils.
     Our Canadian potash operations – the primary focus and namesake of our company – represent one-fifth of global capacity. To enhance our global footprint, we also have investments in four potash-related businesses in South America, the Middle East and Asia.
     With operations and business interests in seven countries, PotashCorp is an international enterprise and a key player in helping to feed the world. - Source:

     Potash Corporation of Saskatchewan produces  potash, phosphate and nitrogen products which help to provide the main nutrients that crops are in need of.  The potash and phosphate are from mineral deposits whereas the nitrogen comes from the air we breath.  Potash Corporation of Saskatchewan sells its fertilizer all of the globe. 


     I purchased 100 shares on May 2, for a total price of 2179.95 including commissions in my margin account. The dividends are paid out in US dollars by the company.  The dividends are then converted to Canadian dollars and placed in the brokerage account.  The stock trades on both the TSX and the NYSE.  So, for shares purchased on the NYSE, the conversion to Canadian dollars does not happen by the brokerage.

      With the world's population increasing, there will continue to be a need to have great fertilizer to help grow the more food. So there is going to be a need for their products for the foreseeable future.

      I will update my investing tab spreadsheet in early June to reflect this purchase. 

Disclosure:  Long POT

I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.

Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.


  1. I had this name for for quite few years ,but never bought it,may check out now.

  2. Nice to be a fellow shareholder with you IP. The agriculture space is getting hammered. It's gonna have to be a long term play for sure while enjoying the dividend. I think they might cut it 1 more time so we'll see. Thanks for sharing.

    1. Dividend Hustler,

      The CEO recently said in a televised interview that he believes the dividend is safe. I hope is is right.