Stockchase Opinions

Stephen Weiss, Founder, Short Hills Capital Partners Archer Daniels Midland Company ADM-N BUY Mar 11, 2024

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.

$54.910

Stock price when the opinion was issued

food processing
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TOP PICK

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.

PAST TOP PICK
(A Top Pick Sep 08/23, Down 29%)

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.

BUY

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

BUY

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

BUY

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

DON'T BUY

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. 

HOLD

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.

SELL

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.

DON'T BUY

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