Re: Fertilizer price increases
I believe these fertilizer increases are indicative of 'many' of the commodity increases we are seeing and can be played better by buying a basket of commodities. I recently made a sizable investment in a commodity Fund (10x the size of my current UAN holdings) which now represents my No. 3 largest holding.
I also added a few lumber/timber plays and made some small adds to my Barracks (GOLD) holdings.
Some pundits were commenting that this is a 'Bear' rally in a market that is pricing in inflation, maybe hyper-inflation. Stocks represent producing/growing assets so those (as well as commodities) are all increasing reflecting a weaker $US.
------------------------------------------------------------
Some recent small starter positions;
Viatris Inc (VTRS)- It's the spin off PFE. Last reported PE was 3.14, selling below stated BV but there are probably a lot of 'intangible' assets. Position is small so I can track it. Appears to be a good value but a lot depends on their drug portfolio and patents (if any) . This was the old Mylan
Viatris Inc. is a healthcare company. It provides access to medicines, advance sustainable operations, develop solutions and leverage to connect more people to more products and services through Global Healthcare Gateway(TM). Viatris Inc., formerly known as Mylan NV, is based in PITTSBURGH.
JOE - A real estate Land company. A very small starter position. I believe BV way understated. It's an easy way to own some land assets that can be developed into homes. 65 PE and BV @ $9.65/share reflect a very high premium for the future 'potential' value. Land is carried and reported at cost not market.
St. Joe Company is one of the Southeast's largest real estate operating companies. St. Joe provides a broad range of real estate services to meet both residential and commercial real estate needs. The company is one of the few real estate operating companies to have assembled the range of real estate, financial, marketing and regulatory expertise to take a large-scale approach to real estate development and services.
OTRKP : 9.50% Series A Cumulative Perpetual Preferred Stock - increased position by 150% after OTRK pre-announced disappointing earnings and the loss of a large customer.
Ontrak, Inc. is an AI and telehealth enabled, virtualized outpatient healthcare treatment company. The company's Predict-Recommend-Engage(TM) platform predicts people whose chronic disease will improve with behavior change, recommends effective care pathways. Ontrak, Inc., formerly known as Catasys Inc., is based in United States. These preferreds were issued to finance the company's growth over the next 2-3 years. The company is similar to TDOC, burns cash (ie no earnings) but is in a great emerging sector; tele-medicine.
Company may be an acquisition candidate and/or can continue to grow w/ new customers. The loss of this client is a set back (or opportunity entry point). These preferreds have a change of control provision which would be paid off at $25/share (" ... the company will have the option within 90 days to redeem the preferred shares at $25 per share plus accrued and unpaid dividends...") |
