Mosaic Is Growing Like a Weed!

I guess slinging fertilizer in these high corn price days is great for companies like Mosiac. These guys are boasting top and bottom line growth like they were selling virtualization software or something instead of fertilizer. I wonder how much of this price leadership is from the ethanol boom and how much of this is from Chinese and Indian demand? In any case we may see MOS challenge highs later this year if prices remain fairly high.

Mosaic (nyse: MOS - news - people ), a producer of phosphate and potash fertilizers, said its income for the fiscal second quarter of 2008 soared to $394.0 million, or 89 cents per share, compared with $65.9 million, or 15 cents per share in the year ago quarter.

Sales for the second quarter sprouted 45.0% to $2.2 billion from $1.5 billion in the second quarter of 2007.

The Plymouth, Minn.-based company beat the estimates of analyst polled by Thomson Financial, who predicted second-quarter earnings per share of
73 cents on sales of $2.17 billion.