Why Nutrien Remains a Great Long-Term Buy-and-Hold Opportunity
As with most other commodity plays, Nutrien (TSX:NTR)(NYSE:NTR) has more than made up the ground it lost due to the pandemic. In fact, shares of Nutrien are now trading near all-time highs. For investors worried about where valuations are today, perhaps this outsized move is concerning. After all, we’re seeing valuation expansion in nearly every sector now. However, there’s reason to believe Nutrien could still hold excellent value at these levels. Indeed, I’m a big believer in the potential of this company over the medium term. Cyclical commodities plays are hot right now. However, ...