$32.39
-0.04 (-0.12%)
Archer Daniels Midland Company (ADM)
CAPS Rating:
The Company is engaged in procuring, transporting, storing, processing, and merchandising agricultural commodities and products.
The Company is engaged in procuring, transporting, storing, processing, and merchandising agricultural commodities and products.
Recs
Archer Daniels Midland is a company I have followed closely since 1974. I once bought a very, very large position for an institution where I was an analyst at $13 1/8 - just slightly below the company's bookvalue at the time. The shares were sold around $39-$40 a few year later.
Near the company's 52-week trading range at $23 per share. It is time to buy ADM again in my Professional Opinion. ADM has an Intrinsic Value of approximately $68 to $72 per share.
ADM is a BUY at $23.00.
Kahuna,CFA
So, in your Professional Opinion, what's happening with ADM now? Do you know why they are dropping in price and how they'll gain value?
can you explain why this company does not make any cash from operations?And borrowing is ballooning?Piss poor management focusing on ethanol which is a dead end fuel. The other parts of their business appear to be attractive.