This Boring, Safe Stock Just Doubled in a Few Months!
Image source: Getty Images. 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 ...