Potash(POT) made more money in the 3rd quarter of 2008 then they made in the entire YEAR of 2007.

CEO stated many pertinent facts about the fertilizer industry:

- Sees ongoing opportunities for growth

- Says food is NOT a luxury item

-The need for food has not declined

- Demand in INDIA and China is expected to GROW in 2009

-Says that his share price reflects a GLOBAL DEPRESSION not a recession

- Also said that although phosphate prices have come down a Little bit, the costs involved in processing have dropped so substantially that he expects much better overall margins next year

All in all, all of these companies continue to "PRINT MONEY",continually showing record earnings, but the forced hedge fund liquidations have pummeled the entire sector. Mosiac ,for instance, got pummeled today on double average volume, undoubtedly from a hedge fund liquidating.