The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Michael Wilson, former president and CEO of Agrium prepares for the start of the company's annual general meeting in Calgary, Alberta, April 9, 2013.
Michael Wilson, former president and CEO of Agrium prepares for the start of the company's annual general meeting in Calgary, Alberta, April 9, 2013.
(Todd Korol/Reuters)

How Agrium became the better bet in potash

Agrium Inc. survived an ugly attack by break-up-minded activist investor Jana Partners last year, and now it’s handily surviving weakness in its fertilizer business. In fact, the Calgary-based agriculture conglomerate’s stock was little changed after announcing its fourth quarter earnings from continuing operations would be at the lower end of its guidance range, from $0.80 to $1.25 per share. Dive into the numbers just a bit deeper and you’ll see why recently retired Agrium CEO Mike Wilson still deserves to be gloating about his victory over Jana. Diversification has worked nicely for Agrium, thank you very much.