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Mike Wilson, president and CEO of Agrium, addresses shareholders during the company's annual general meeting in Calgary, Alberta, May 11, 2012.
Mike Wilson, president and CEO of Agrium, addresses shareholders during the company's annual general meeting in Calgary, Alberta, May 11, 2012.
(TODD KOROL/REUTERS)

The upbeat view on Agrium’s sliding earnings

Bad news for fertilizer producers is piling up, now that Agrium Inc. has joined the ranks of companies reporting disappointing quarterly results and outlooks. But the bad news is making the sector look very tempting as a long-term play on an eventual turnaround – at least for investors who like their stocks beaten-up and out-of-favour.