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Symbol Sentiment Start Return Closed POT 09/21/09 +30.24% -- MOS 09/21/09 +16.95% -- Via BloggingStocks:   Filed under: Stocks to Buy, Potash Corp. of Saskatchewan (POT) Late Friday, Potash Corp. (NYSE: POT) cut its 2009 earnings guidance due to "lower than forecasted potash sales volumes" stemming from "slow demand and limited restocking by fertilizer distributors around the world." The fertilizer company now forecasts earnings between $3.25 and $3.75 per share, down from an earlier forecast of $4 to $5 per share. The company also expects third-quarter, per-share earnings to hit at the low end of its determined range between 80 cents and $1.20. The consensus estimate calls for 93 cents per share. POT had been a stellar performer, hitting a high in the $120 region earlier this year. However, the stock is now in the process of bouncing between the $84 level and its 20-week moving average. The current situation is currently better than the way 2008 ended. Continue reading Potash Corp. lowers its earnings forecast Potash Corp. lowers its earnings forecast originally appeared on BloggingStocks on Mon, 21 Sep 2009 10:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments   Read the rest of original post »

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