Tuesday, August 17, 2010
POT is a gold mine
Mr Doyle, the CEO of Potash Corp., has made rich many people around the world. Today Israel Chemicals (partly owned by POT) lifted 8%, making up for my losses during the last two bad years. The immediate casue is Billiton's offer to buy POT, electrifying the market. "The fertilizer industry is emerging from the recent global economic downturn, and we feel strongly that PotashCorp shareholders should benefit from the current and potential value of the Company." Well said, Mr Doyle.
Addendum for those unfamiliar with Mr Doyle: Have you ever tried to organize a group action? My first experience in organization was a summer camp for a Zionist youth movement in Argentina. Soon I felt my chaverim were not cooperating and gave up. I understood that am not a born leader and am in awe of the natural ones. Now imagine to organize a worlwide fertilizer cartel. I cant imagine how he got competing organizations in Russia, BieloRussia, Ucraine, Germany, Israel, etc. to act in coordination against their immediate interest. Mr Doyle, a Canadian, did it. He is a magician.