Q: So here we have this company back to where it was trading 2 yrs. ago. You have at a buy and say it is cheap, it was this cheap 2 yrs. ago. I am from a farming family and this company just took advantage of farmers with the war in the Ukraine and not knowing what was going to happen, there was no shortage of fertilizer, you just had to pay up for it, the same as the stock if you wanted to own it. Now the farmers are dictating the price and what you see is the fall in NTR stock. It is just another another example of fert. co. and chem. co. that have taken control of our farmers on input costs, and they are not happy.
Thanks Again
Thanks Again
5i Research Answer:
Thank you for the comments; certainly dropping fertilizer prices have contributed to the stock's decline. We would note that the P/E in 2021 averaged 35X, and the 5-year average is north of 20X, so we would still stand by our 'cheap' comments with the P/E currently at 8X.