Michael Underhill Archer Daniels Midland Company ADM-N BUY Oct 24, 2016

The CFO has been suspended due to questions around accounting. Also there have been operational problems. He got stopped out and replaced it with Deere, a long term buy, since he wants something in the agriculture space.

He added more because the company is coming close to a resolution and their internal investigation won't change their earnings guidance for this year.

A way to play the improving commodities space, with lower risk.

Likes it because they're close to resolving their accountant scandal, and it's a way to play commodities.

Just took profits, but remains bullish. They'll settle the accounting issue and enjoy the commodities tailwind.

Does not own shares. Agriculture business that is a giant within sector. Tough business with low margins and high capital requirements. Lots of capacity for grain and seed crushing. Food additive business also growing. Better options available for investors in market. 

Still holds it. Solid, but when will they catch up to the filing, because the institutions can't own this until they file. Is down 16% this year.

They sold it and take profits, because they had accounting issues and could not file. When the fraud investigation was announced, shares were in the $80s and he expected it to bounce back. Instead, shares have fallen to $61. Sees no upside.

Agriculture stocks are down 20% this year with no recovery in sight.