INCZY
Does anyone have any thoughts on this Australian stock? Apparently they seem to be an amalgamation of more than one company, and are in fertilizers, explosives, and mining.
https://en.wikipedia.org/wiki/Incitec_Pivot
It looks like they pay a dividend, but different websites show different numbers.
I was attracted because of their low price/book, and the dividend.
It looks though like they're involved in a lot drama (CEO change, deciding whether to split the company), including blacklisting by some investment groups:
“Incitec Pivot has based a large part of its fertilizer production on imports of phosphate rock from Western Sahara, a territory which has been occupied by Morocco since 1975.[3] Since such imports are considered in violation of international law, Incitec Pivot has been blacklisted from portfolios of several ethical investors including the United Methodist Church, Danske Bank, Storebrand, KLP, and the national pension funds of Sweden and Luxembourg.[4]”
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