Friday, April 25, 2008

J.P. Morgan on POT : Way High

Our musical accompaniment is by Jackie Wilson:
Your love is lifting me higher (Higher and Higher)
From Notable Calls:

Potash (NYSE:POT): JP Morgan raises 2009 EPS est way high - expect a positive reaction

JP Morgan is out with a major earnings change on Potash (NYSE:POT) this morning raising their 2009 EPS est to $18.50 from $11.75 a share (vs. consensus $12.70).

Firm's 2008 earnings estimate goes to $10.50 from $8.95 a share.

Notablecalls: Wow, this is probably one the largest EPS est raises I've seen in a long time. POT has gotten whacked over the past two days on apparent "sell-the-news" reaction to their fantastic results....MORE