My search for investments that could stand up to a bear market continues, and has led me to Israel Chemicals (ICL), a boring but cheap conglomerate. The company reported substantial year-over-year gains at the start of this year, but its stock’s share price has fallen substantially since then. This podcast (7:55) conjectures that the market may be typecasting ICL as a potash company. Yet ICL is more profitable, more diversified and offers greater value-add than some of its peers.
