The Globe and Mail reports in its Monday, Dec. 18, edition that Nutrien was a top 2023 pick for Nordis Capital managing partner Francois Bourdon. The Globe's Darcy Keith writes that Mr. Bourdon's recommendation did not pan out profitably. Nutrien spent the year trending down from its 52-week high of $113.32 to Friday's close of $73.53. The year-to-date return is a negative 22.6 per cent. The Globe says Mr. Bourdon expects an economic slowdown in 2024. He says, "In reality, Canada and Europe may already be in a recession." Mr. Bourdon says: "Last year, we recommended Nutrien because we expected the price of fertilizers to remain high and Nutrien to be a geographically safe producer. Unfortunately, the price of fertilizers fell and Nutrien had production issues." The Globe's Ian McGugan recommended waiting to buy Nutrien at a better price on May 20 when the shares were going for $61.95. The Globe reported on Aug. 1 that TD Cowen analyst Michael Tupholme had elevated his recommendation for Nutrien to "buy" from "hold." The shares were then worth $89.10. The Globe reported on Nov. 3 that RBC Capital Markets analyst Andrew Wong continued to rate Nutrien "outperform." Nutrien shares were then worth $76.87.