Earlier this year (pre-blog) I was a POT holder but decided to flip to AGU for valuation concerns.  At the time, I sold my POT shares for $155 and change and bought the AGU for $65 and change.

I forgot to blog about it when I made this move, but on April 30th. I decided to get flip back from AGU to POT.  It was clear that the valuation was not a matter in investors eyes, even though comparatively speaking AGU is a much cheaper stock.  In this type of a market, you want to stick with industry leaders, so I felt better owning the darling of ags, POT, as opposed to the stock always mentioned as an afterthought.

The reality is in the timeframe I was holding AGU, they traded almost identically - with a max return of 28.75% for AGU and 27.9% for POT.  I sold with a realized gain of 16.25% on AGU (versus a 16.21% return I would have had holding my original POT shares).  So all in all a wash.

I sold AGU at $80.38 and got into POT at $185.59.  So far, it’s paid off, as POT has outformed AGU a tad.  Either way, I’m happy to be continually exposed to agriculture.

Recently GNK posted some great earnings too, I wrote up a mini-analysis that I sent to Jay, the other (yout-to-post-I-am-too-busy effing bull), which I’ll post up here later.  I am goign to be adding to my position of GNK sometime soon.