Blog > Gold and Resources > Update: 37% gains on Saskatchewan Potash Corporation (POT:NYSE)
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Update: 37% gains on Saskatchewan Potash Corporation (POT:NYSE)

Posted May 6, 2008

by J. Christoph Amberger

Baltimore — (TFN): Some of our dear friends in the financial publishing business really don’t like our Hot Stock Pick of the Week. One executive told me that giving away a free stock recommendation a week is more than most trading information services offer that retail for thousands of dollars. (Of course, that’s the point!)

And I hear there is at least one publisher who has prohibited her editors from coming on that show.

I’m happy to say, that hasn’t kept us from providing profitable stock picks to our loyal TFN viewers.

One of those free Hot Stock Picks is Saskatchewan Potash Corporation.

On December 26, 2007, BreakAway Investor editor Andrew Mickey was our guest expert at Hot Stock Pick of the Week. We usually post the transcript the day afterwards, in this case on December 27, 2007. His report was titled “Commodity Investing: Profit from the global boom in agriculture”.

Andrew arrived at the conclusion: “Clearly, we’re still at the very beginning of the bull run in potash. And the world’s leading potash producer, Saskatchewan Potash Corporation (POT:NYSE) is continuing to soar. POT has already climbed more than 300% in the past two years, but the run isn’t over. Over the next couple of years, POT is set to double again.”

POT traded for $143.41 on Dec. 26. Since then, it has reached a high of $214.83, representing a 49% gain. Today, the stock was trading at $197.71 a share, still a respectable gain of 37% over our initial entry price.

At this point we consider a 50% gain over our initial recommendation of POT an acceptable medium-term return-on-investment. It may take a few weeks, but be ready to take profits at or near $215 a share.

Also: The Gusher behind the “Montana Millionaires”

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Posted by J. Christoph Amberger · Filed Under Gold and Resources 

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