Mosaic No Guidance But Positive Executive Comments

Mosaic (MOS) reported its Q1 numbers and really stuck its neck out with this comment hidden in its press release.

“Mosaic is not providing financial guidance on potash sales volumes or MOP selling price until market conditions normalize.”

All this in the context of a revenue drop from approximately $4.3 to $1.5 Billion. Mosaic is in a commodities business. Implicitly to operate you must have a view on prices.

Yet they feel comfortable with this quote "Phosphate fundamentals have improved. The potash market is evolving and we expect strong demand in calendar year 2010 for both nutrients," said Jim Prokopanko, Mosaic's President and Chief Executive Officer. "Our long-term outlook for crop nutrients remains positive and we continue to execute our strategic plans designed to drive strong cash flow and shareholder value."

The stock popped nicely for those who understood the doublespeak.