Rogers said: "PhosAgro is an excellent company that offers investors excellent value due to the high-quality fertilizers it produces, its vertical integration and low production costs. I have watched the company successfully develop as a global player over the last few years, with flexible sales and production models that have helped it reach new markets, while investments in its Russian production assets have enabled PhosAgro to expand and improve its product portfolio.
"While Russian stocks have been under pressure through most of 2014, I think that PhosAgro's share performance, which is among the best for Russian companies in 2014, shows that investors understand the Company has world-class assets and holds significant potential for sustainable growth.
"I am excited to be joining PhosAgro's Board today, and look forward to working with the rest of the Directors and management to build value for shareholders." - See more at: http://www.stockmarketwire.com/article/4886552/Jim-Rogers-joins-PhosAgro-board.html#sthash.xWgLQTyj.dpuf
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
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