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Stocks on the 52 Week High List – Ag Chemicals and Data Storage

Feb 28 2008

Stocks on the 52 Week High List – Ag Chemicals and Data Storage

    Three stocks in the Agricultural Chemicals business reached new highs on Wednesday, Potash Corp. (POT), Mosaic Co. (MOS), and CF Industries (CF). Mosaic and Potash produce and sell fertilizers along with industrial and feed products, while CF solely manufactures and distributes nitrogen and phosphate fertilizers. This industry has been one of the strongest bull markets over the past year with Mosaic appreciating 344%, Potash up 203% and CF rallying 223% over the past 52 weeks. The three stocks have similar revenue growth with Potash at 42% in the current quarter, Mosaic at 44%, and CF producing 64%. Mosaic stands out on the earnings front with close to 500% earnings growth while Potash and CF have around 100% earnings growth for the current quarter. When it comes to price, CF is the most reasonable at an 18 Price/Earnings ratio and a $7 Billion market cap. Potash has a P/E of 47 with a $51 Billion cap. And Mosaic has a 53 P/E and $50 Billion market cap.

    Western Digital (WDC) also hit a new on Wednesday. This is the data storage company know as the little brother to Seagate in the PC Disk Drive market. But this stock has taken off as of late appreciating 77% over the past year. At a small 10 P/E ratio and 54% revenue growth in the current quarter/138% earnings growth, this stock is still cheap. Eight analysts have increased their earnings forecast to 0.97 from 0.88 in the last week for the current quarter. Most recently beating their forecasted earnings by 30%, Western Digital has beaten earnings the last four quarters straight.

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