Is it time to sell Agrium shares?

[boarderbloke]

[URL="http://www.bnn.ca/News/2013/2/12/Agrium-appoints-new-directors-as-Jana-rejects-settlement.aspx"]Agrium Appoints Mayo[/URL]

[Hopperbin]

What problem does Jana Partners have with Mayo?

[wilagro]

I wouldn't hire Mayo to any board of directors.

[BTO_farmall]

What The F#ck is This!?!?!?!?!? Someone Empty Out on That AssHole Mayo, CLOSE RANGE!!!!!!!!!!!!!!!!!!!!!!!!!

[hobbyfrmr]

Depends on what price you bought them at.
Looking at charts, the shares are the highest they
have been in 1,3 and 5 years.
I have no thoughts about how the mayo
announcement will affect them. I just think about
taking profit.
Sell them for a profit, then step back and look for
a new entry position .
Maybe a little internal squabbling will drop share
values a bit, the, then, with mat gas prices low
and fert prices high, record profits after seeding,
I am guessing by July/August.
I have no real experience in buying shares, I kind
of fool around and look at charts. I would like to
take classes one day.
Any more insight would be appreciated.

[Hopperbin]

But Mayo will likely agree to part out the company for a profit and that is just what Jana Partners wants to net a huge profit on their shares. Not really sure what the split up company is worth but thanks to Jana the share price is up. Couple weeks ago UUU was bought out by its major shareholder well under priced I would have been screaming if I owned some of them. Sorta opposite to what Jana does. I still think It should be illegal somehow with what they are doing or how they are doing it. Both companies were underpriced. Jana does seem to have a nack for increasing share value. Not always in the best interest of the company.

[Hopperbin]

You see in this case they want costs cut I think in such a way that maintenance will not be done, they can show more profit on paper for one year. Then part her out and take the profit. Just my guess and my guess says hold the shares.

[HappyFarmer]

Maybe your explain your reason for that
wilagro. If you consider the FACTS that
Mayo is a guy who took a company that
was nearly broke, that everyone had
counted out as being finished, and
turned them in to the most profitable ag
companies in Canadian history!!!!!

Ya, that's a bad track record. Why would
anyone want someone like that. Give me a
break.

[wilagro]

HappyFarmer: Its a long story and you wouldn't want to hear what I would relate. What was done is done and there is no point digging up old situations which can't be reversed.

We (farmers) all lost something irreplaceable when our collective wheat pools went down the tube. The day when all of our equities were converted to shares in a non-Co-op was a sad, sad day indeed.

[rhoff]

I actually think Jana is in the right on this one. I
hate it when companies use a good business to
subsidize a bad one. They maybe don't need to
spin off retail but in the least improve financial
transperancy so it's easier for shareholders to
assess operating performance of each unit. Jana
partners have a history of cooperating with
management to make changes that improve
shareholder value. But this time he's been
scorned so there into a new territory. You might
be a genius at running a fertilizer manufacturer or
retail but that doesn't mean you understand how
to allocate capital,both are important in a large
profitable company. If anyone is looking at this as
a trade take note of what CP did since Bill
Ackman got involved. I will watch from the
sidelines however.