Q: Greetings:
Would you please comment on this fertilizer company. It is down badly while Nutrien is on a roll.What are the politics surrounding it.? I see that they have Mayo Schmidt involved, if that will be any help.
Thanks,
Ben.
Would you please comment on this fertilizer company. It is down badly while Nutrien is on a roll.What are the politics surrounding it.? I see that they have Mayo Schmidt involved, if that will be any help.
Thanks,
Ben.
5i Research Answer:
GRO's tiny size and lack of current production are holding back investor interest. Brazil has struggled, and this also is a factor. Mine construction is 'supposed' to start this year, but with first production not expected until 2030 there remains high uncertainty for investors. We are not saying it is a bad company, just that there are many reasons why it might underperform in an uncertain market.