PhosAgro (PHOJY) is an example of a developing company with a stock remaining stagnant for an extended period of time. Against the background of low fertilizer prices, PhosAgro holds up pretty well and pays decent quarterly dividends. I believe that the company is severely undervalued and will unlock its true value when we'll see a rebound in fertilizer prices. Consider PhosAgro as a less mainstream and less liquid alternative to fertilizer producers like The Mosaic Company (MOS), Nutrien (NTR), Israel Chemicals (ICL), and others.
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