Potash Smells on Guidance (POT, MOS)

Posted in pre-market 
September 21st, 2009

Potash Corp. of Saskatchewan (NYSE: POT) is down after the fertilizer and potash player lowered its 2009 earnings guidance to $3.25 to $3.75 from $4.00 to $5.00 and compared to First Call consensus estimate of $4.16. The company also expects Q3 EPS to be at the low end of prior guidance.  Shares are down close to 5% at $92.40 on close to 80,000 shares as of 8:36 AM EST.  We would look for fallout in Mosaic Co. (NYSE: MOS) and even in the “MOO” ETF. -JON OGG

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