A value stock from agriculture

Potash Corp. of Saskatchewan, Inc. (POT) is a Canadian company, the largest manufacturer of potash in the world, a major component of fertilizer for agriculture. Everyone has to eat and the world population has been increasing fast on the earth. However, the arable land on the earth is decreasing quickly and there is a serious threat facing the world that there will be a huge shortage of food enough to feed the whole population. That's why potash has become a critically needed commodity to support cropping. In the past few years,  POT has advanced considerably but it has gone too fast too soon. Last quarter, it reported a disappointed earning, causing its share price plunging almost 25%. As you can see below, the stock has basically gone side way in the past 3 months. However, it has just broken through its upper resistance line. Technically speaking, this is significant as it suggests that the worst is likely over for POT. If it can sustain this momentum and does not come back into the side way box, it may start its next leg up. Fundamentally POT is a great company to own due to the obvious reason as mentioned above. It is also paying a high dividend of 4.2%. POT is another long-term value stock to diversify your retirement portfolio.