Agrium is Growing

05/30/2013

Agrium is Growing

Fertilizer producer Agrium (AGU) is growing today.

By Paul Price

Shares are up 1.9% to $93.26 - from under $89 last Friday.

AGU priced $500 MM of 10-year bonds at 3.5% and $500 MM of 30-year paper at 4.5% with the intention of refinancing old debt and for general corporate purposes. This should give EPS a boost from the interest savings.

Agrium is included in Market Shadows' Virtual Value Portfolio.

It also is included in our Virtual Put Selling Portfolio.

May 30, 2013 12:00:00 AM | Value Investing

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I'm editor at Phil's Stock World, and editor for Stock World Weekly. My background is in the biological sciences, and law. After a brief career in the legal field, I changed directions and am now working as an editor, and very much enjoying my experiences in the editing world.

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05/30/2013