CF Sayts It’s Open to Examining How It Returns Cash
CF Industries Holdings Inc. (CF), the U.S. fertilizer producer that hedge fund Third Point LLC said should raise its dividend, said it’s open to examining how the company returns cash to investors.
“Our analysis led us to the belief that executing share buybacks has been the best way for us to return cash to shareholders, especially since we believe that the earnings potential of the company is not fully reflected in the market price of our stock,” Chairman and Chief Executive Officer Stephen Wilson said today on the Deerfield, Illinois-based company’s second-quarter earnings conference call.
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