AGU, POT, MOS updates

agu march 12 2013pot march 12 2013mos march 12 2013

We got wrong, it went roughly $20 higher than expected, but the other two , more or less right. If we HAD to own one of these, it would most definitely not be Agrium. All things being equal – they never are – we would prefer Mosaic in terms of potential. Actually we would prefer the market neutral pairs trade, short one for long two . Here is what that looks like;

agu mos spread march 2013