Are you concerned about demand destruction?
"I’ve seen no evidence of that at all," says Wilson. "The business is great. And we just had another 'buy' put on our company with a target of $160. The supply is not going to meet demand and our company continues to deliver on growth."
Does the volatile market have a significant impact on your company?
"When the markets falls off we see investors get a little jittery and there’s a small correction in the stock but then people look at the fundamentals and it pops right back up," he replies.
What's your biggest concern?
"We don’t see demand falling off," says Wilson. "We don’t think yields will catch up quick enough and for yields to catch up they’re going to need our seed, chemicals and crop protection nutrients so the big variable is how quickly can supply catch up to demand and it doesn’t look like it will happen for at least 3 to 5 years."
Traders what do you think?
I think they’re in a great position, says Pete Najarian. I love all these fertilizer names.
I like the story and on a pullback I’d own Agrium, adds Guy Adami.
Got something to to say? Send us an e-mail at firstname.lastname@example.org and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send your e-mail to email@example.com.
Trader disclosure: On July 9, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (INTC), (MSFT), (WMT); Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Najarian Owns (AAPL), (CHK), (MAR), (TSO), (ANR); Najarian Owns (SLB) Calls, (YHOO) Calls; Najarian Owns (XLF) And (XLF) Puts; Najarian Owns (FNM) And (FNM) Puts; Finerman Owns (GS); Finerman's Firm Owns (MSFT), (SUN), (TSO), (VLO),(PPH), (MRK), (PFE), (JNJ); Finerman's Firm Owns (TGT) Calls; Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM); Finerman's Firm Is Long SPX Index Puts; Finerman's Firm And Finemran Own (C) And (C) Leaps; Finerman's Firm And Finerman Own (PDE) And (PDE) Calls; Finerman's Firm And Finerman Own (FLS)
Gartman Owns (PLL), (AFFY), (SJT), (JJG), (EWZ), (PH), (GOOG),(ATW); Gartman Owns (SU), And Is Short (SU) Calls; Gartman Owns (UYG) And Owns (SDS) Against It; Gartman Is Short (WFMI), (BA), (DE); Gartman Owns (BPT) And Is Short (BP); Gartman Owns (TOWN) And Is Short (ING); Gartman Is Short (X); CIBC Gartman Index Owns Natural Gas And Is Short Crude Oil; CIBC Gartman Index Owns Aluminum