The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

People walk by the Potash Corp. logo at the entrance of the company's office tower in downtown Saskatoon in this file photo.
People walk by the Potash Corp. logo at the entrance of the company's office tower in downtown Saskatoon in this file photo.
(Liam Richards For The Globe and Mail)

Potash Corp.: So bad, it’s good

The news around Potash Corp. of Saskatchewan Inc. is so grim that the stock is looking more and more like a gift to long-term investors.

Of course, things haven’t been going well for Potash Corp. recently. The stock took a terrible tumble in July, when Russia’s Uralkali OAO walked away from an export partnership, preferring to go big on volume rather than try to prop up prices within a cartel. The move scared investors off Potash Corp., which operates within a marketing group of its own (Canpotex).