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Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.
Athabasca Potash, API, has been acquired by BHP Billiton. The stock has jumped 25% today:
We have written about API on several occasions. Jul 2009, Jan 2008, Oct 2009, and others.
With Vale's annoucement last week of its own potash fertilizer acquisition, there is clearly a trend happening. The question is which is the next small fertilizer company to be acquired.
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