Thesis
In order to evaluate Nutrien's (NTR) fundamental strength I have analyzed the company on the BG (read: Benjamin Graham) model for value investing. This analysis considers whether Nutrien provides adequate value to investors based on the BG model. It also evaluates the relative position of Mosaic (MOS), a competitor. Based on the analysis, I believe that Nutrien provides a better value investment than Mosaic in the crop nutrients industry.
In a later portion of the analysis, I have highlighted certain macroeconomic factors that will temporarily impact Nutrien's sales in some