Agrium's Takeover Of CF

Re our post this week on agriculture stocks, commodities and Potash. Without doing any type of analysis, I can almost assure you this deal with end up in bankruptcy court in the future. When the mergers & acquisitions and private equity buying binge was in full bloom, we had many posts on these dealings ending up in busts. Close to a year ago, over three hundred of these deals had already landed in bankruptcy court. By now we can surely assume it is in the thousands. The banksters sure did their diligence now didn't they? This deal isn't any different and surely isn't supported by sustainable cash flows or fundamentals. My memory may be hazy but I seem to recall a time when a certain idgit on a show by the name of Mad Money had a list of possible takeover stocks blessed by Goldman Sachs. And he used television to pump these stocks. Trillions of dollars were allotted to these deals. That would be "T" not "B".

See you in bankruptcy court.