The Weekly Buzzing Stocks by Billy Kawasaki
Archer Daniels Midland Company
ADM-N
TOP PICK
Jan 25, 2024
For more than a century, the people of archer daniels midland company (nyse: adm) have transformed crops into products that serve the vital needs of a growing world. today, we’re one of the world’s largest agricultural processors and food ingredient providers, with more than 33,000 employees serving customers in more than 140 countries. with a global value chain that includes more than 460 crop procurement locations, 300 ingredient manufacturing facilities, 40 innovation centers and the world’s premier crop transportation network, we connect the harvest to the home, making products for food, animal feed, industrial and energy uses. learn more at www.adm.com. Social media mentions are up 200% in the past 24h.
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.
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.
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.
For more than a century, the people of archer daniels midland company (nyse: adm) have transformed crops into products that serve the vital needs of a growing world. today, we’re one of the world’s largest agricultural processors and food ingredient providers, with more than 33,000 employees serving customers in more than 140 countries. with a global value chain that includes more than 460 crop procurement locations, 300 ingredient manufacturing facilities, 40 innovation centers and the world’s premier crop transportation network, we connect the harvest to the home, making products for food, animal feed, industrial and energy uses. learn more at www.adm.com. Social media mentions are up 200% in the past 24h.