Why Mosaic Stock Dropped 11% Today
Last week, prepping for Mosaic Company's (NYSE: MOS) upcoming second-quarter earnings report, investment bank Citigroup urged investors to buy the stock as a deep value candidate poised to enjoy rebounding profit. I disagreed, concluding after running the valuation that "I simply do not agree that Mosaic shares are a buy."
One week later, Mosaic's earnings are out, and Mosaic's stock...well, as of 2:05 p.m. EDT, it was down 11%.
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Quelle Fool.com
