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Stock Valuation Paper Jul 21, 2007 Introduction This paper is focus on potassium hydroxide Corp. of Saskatchewan, Inc, (PCS), one of the worlds largest fertilizer producers. Starting from fool shots of the global economic and agricultural situation, the global fertilizer manufacturing condition, the paper calculated the intrinsic value of the companys stock share. Economic Analysis 1 Global Economy According to IMF (International financial Fund), global economy expanded vigorously in 2006, evolution by 5.4%. Global growth is expected to moderate to 4.9 portion in 2007 and 2008, some per centumage point slower than in 2006. For United States, growth is expected to come down to 2.2 percent this year, from 3.3 percent in 2006, although the economy should gather some caprice during the course of the year as the drag from the housing orbit dissipates. Emerging market and developing countries are expected to extend to grow strongly, albeit at a somewhat slower thou than in 2006. These economies will continue to draw support from benign global financial conditions and commodity prices that remain high moreover recent declines. The growth rate is estimated to remain high Indias economy should also continue to grow rapidly.

According to NBSC (National delegacy of Statistics of China), Chinese GDP growth rate was 11.1% in 2006 and 11.5% in first half of 2007. Chinas growth is intercommunicate to remain rapid in 2007 and 2008. (See Appendix: Figure 1: Global GDP Growth Rate) Food & Energy Food prices move up by 10 percent in 2006, driven principally by surging prices of corn, wheat, and soja oil in the bite part of the year (See Figure 1 in Appendix). In some major wheat producing countries, wheat crop was silly in 2006, pushing wheat stocks to their lowest levels in 26 years. In U.S., the demand for ethanol (which uses corn as an input) and biodiesel (which uses soybean oil and other edible oils) has contributed tremendously to the surging sustenance prices.... If you want to get a full essay, order it on our website: Ordercustompaper.com

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