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Jana Partners’ Lengthy Presentation on Agrium Inc. (USA) (AGU)

Activist hedge fund Jana Partners has $3.5 billion under management and had a successful 2012. The fund boosted its Agrium stake by 28% during the fourth quarter. They presented Agrium Inc. (USA) (NYSE:AGU) as their best investment idea at the 2012 New York Value Investing Congress. Barry Rosenstein must have been really confident with this investment idea because hedge funds usually build their position and then share it with the rest of the investment community. When Rosenstein presented his investment idea, Agrium Inc. (USA) (NYSE:AGU) was trading around $105. Even though the stock went up to $115 level earlier this year, currently AGU sits at $100. Agrium looks cheap at current and forward PE ratios of 10-11. If you haven’t imitated his idea 6 months ago, you now have the option to imitate it at a 5% discount. Jana Partners also released a new presentation today. Check out Jana Partners’ lengthy presentation on Agrium Inc. (USA) (NYSE:AGU):