A quarter ago I was pretty positive on the shares of Archer Daniels Midland (NYSE:ADM). This was not so much because I saw a dramatic turnaround coming in the business, but because I saw it as a good long-term value. Although fiscal second quarter earnings show that there are still some very real challenges, investors really haven't hurt themselves by owning these shares as a long-term value.
Another Difficult (and Complicated) Quarter
All in all, the fiscal second quarter was not very good for ADM. Reported revenue did rise 11% and the company posted gaudy-looking growth in oilseeds processing (up 28%) and corn processing (up 29%), while the huge ag services business saw a 1% sales decline.
To read more, follow the link below:
http://stocks.investopedia.com/stock-analysis/2012/No-Quick-Fixes-At-ADM-But-The-Value-Is-There-ADM-BG-CPO-MBLX0201.aspx
No comments:
Post a Comment