cl001 - What other sector of the economy can say things like this:
Mack said continued high demand for agricultural commodities would enable Syngenta "to target double digit growth in earnings per share through 2010."
and
"The nitrogen market environment remained very positive in the fourth quarter,” said Terra President and CEO Michael Bennett. “Nitrogen products selling prices remained strong as high commodity grain prices continued to support very healthy nitrogen demand.
“Our plants operated well, with high on-stream factors and efficient utilization during the fourth quarter.
“As we look to the first half of 2008, we anticipate continued strong demand for our products as supported by the record level of customer prepayments we have accepted for delivery. Grain prices continue to be robust, providing ample incentive for growers to optimize yields.”
Bennett continued, “In response to increasing demand and improved margin realization for upgraded nitrogen products, we are evaluating projects to increase upgrading capacity at several of our facilities. We believe additional investment in our upgrading capacity will enhance the strong market position of our operations and improve Terra’s long-term earnings capability.”
I LIKE AG!