If the premise is that Commodity Prices are going higher, fertilizer just one of many (look at LUNMF copper- you mentioned at $6/share; and/or FCX another copper), perhaps a better investment would be to buy an ETF Commodity basket.
I was looking at Vanguard VCMDX but could not get a top 10 holding listing. Typically Morningstar will list their top 10 holdings. +45% since 2/2020
In my Commodity basket, I would want a few fertilizer companies (say MOS, NTR, UAN, CF,YARIY), some raw materials (copper, iron ore, steel; X, NUE), AG Wheat, Corn, Soybean maybe BG.
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I still think commodities have a ways to run w/ the Value Proposition being that in this next cycle they are still cheap.
EKS |
