Agrium, Inc. (USA) (NYSE:AGU)
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The Company is a retailer of agricultural products and services in the United States and Argentina and a global producer and wholesale marketer of nutrients for agricultural and industrial markets.
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Canadian agricultural chemical company. Hopefully Canada's corporations will not be held as taxation hostages to the government when the debt crisis mounts, like those in the U.S. surely will. Using Greenblatt's calculation of Earnings Yield I get 3.62%, and ROIC is 11.9%. This is at a point where equities may not fall much further according to contrarians like Marc Faber. This is becoming his near term view, and has been his long term view. Others like Peter Schiff continue to hold it as a long term view. In my opinion, inflation is tightly coiled to occur unexpectedly.