@Sparktastic, it's just a few weeks ago that FTZ posted its report for the December quarter. This report included plenty of positive news. And it telegraphed a 50%+ rise in full year sales to a new record. The report seems to have been totally overlooked by the market.
Meanwhile, Fertoz heavyweight competitors in its North American backyard continue to shoot the lights out. Shares in $NTR/Nutrien are at an all time high. And shares in $MOS/Mosaic Co are at the highest level since 2008.
Why? Fertilizer prices are responding to shortages exacerbated by issues in China and now Russia
Fertoz is due to publish full year's results late in March.
I expect the shares to rise ahead of the report...and very likely after.
Shouldn't record results herald a record share price?
FTZ Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held
