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Finding defensive gems with great dividend yields and high degrees of safety on the TSX isn’t hard. Finding such companies with the ability to double in just a few months is a difficult task.
Nutrien (TSX:NTR)(NYSE:NTR) is such a company. Since its pandemic-related lows in March, this stock has doubled. Here’s why I think much more upside is on the horizon in 2021 and beyond.
Safety is key right now
The valuations of the vast majority of stocks are simply unreal at the present moment. Nutrien’s forward price-to-earnings multiple of around 26 times is reasonable, and I think is more than warranted given the safety this stock provides.
Agrochemical Market SWOT Analysis by Size, Status and Forecast to 2020-2026 texasguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from texasguardian.com Daily Mail and Mail on Sunday newspapers.