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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: maverick61 who wrote (34148)	9/10/2022 12:24:04 PM
From: Elroy	Respond to of 34328

I would just be cautious given the current economic and geo political environment and its current price level. Sorry to nitpick, but this advice doesn't really have any advice in it. One either owns or does not own a stock. It's black and white. I don't know how to "cautiously" own a stock. As for UAN in particular. There's nothing I know of in the current economic environment that is going to reduce demand for fertilizer. Food is pretty recession resistant. The current geopolitical environment in regard to UAN is dominated by the Russia-Ukraine situation, which reducing natural gas flows to Europe, and thereby reducing European fertilizer production. Reduced global supply of fertilizer is pushing fertilizer prices higher. OK. So far that geopolitical event is good for UAN. Will it suddenly reverse itself, Russia acts nice and starts freely shipping lots of natural gas to Europe. Perhaps. But the reverse seems to be what is happening, so........you know, what to be cautious about? I guess my main point is I don't understand why you seem to think UAN is risky. It seems to me to be volatile in unit price, but with a fantastic cash distribution outlook, probably for many years. Where's the risk? The unit price volatility? I suppose that's risky, but for me the positive business and distribution outlook will trump unit price swings.