Image source: Getty Images. What happened Shares of fertilizer powerhouse Potash Corp (NYSE: POT) rose 18.2% in August after it confirmed rumors that it was in discussions with fellow fertilizer manufacturer Agrium (NYSE: AGU) about a potential “merger of equals.” The news also spurred shares of The Mosaic Company (NYSE: MOS) 12.9% higher for the… Read More »
Alan Fournier ( Trades , Portfolio ), founder and manager of Pennant Capital, sold six holdings in the second quarter, including two with connections to the airline industry. The guru’s largest divestiture of the quarter was the sale -,-”,8′- shares in The Middleby Corp. ( MIDD ), an Illinois-based commercial cooking equipment company, for an… Read More »
Image source: Getty Images. The banking industry is defined by inherent cyclicality. Loan losses generally follow the economy, a reality best painted by banks’ collective charge-offs in commercial and industrial (C&I) loans, which rise and fall rapidly with economic growth or decline. But some loans seemingly escape any relationship with the broader business and credit… Read More »