The two companies built a large plant at a sugar plant Bunge is trying to sell. Yet, they have divested all renewables in North America and trying to unload South America.
Its hard to figure out where the plunge in commodities will finally level out, but the ag sector seems to be almost cheap now. If fundamentals trump technicals over time, then BG, ADM, SYT, et al, should rally, perhaps this year, as global water and food issues come to the top of the conversational pile again.
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They need to stop disappointing on earnings results! They miss too often.
I will not sell under 80, but may buy more under 65.
At what price would you sell BG (assume it rises and you make a profit)
Next earnings report for 4th quarter should be better(?) and BG should trade 75-80 may be asking too much.
Market pullback playing an effect on this one, too.
Need some good news to push BG higher.
Zacks and Jim Cramer signal the very end of a rally or trough. I have consistently made money buying or selling against their advise. (and NO, do not google them, I am not a bot)
It's not that it misses estimates...........it's that analysts have no clue about understanding how BG functions. Analysts don't care about their "expectation numbers" and are not held accountable for their "expectations". Fire on the spot (same day as financial results are published) any analyst that produces numbers that come "off" reality. ..........THEN we can talk.
I have come to the conclusion BG is only good for a swing/trade as earnings never consistently higher. From mid 60s to 80s...as it will find it challenging to go over 90 and stay over 100 where it belongs if not for the many missteps, reorganizations, etc.
Maybe time for new management or some other company make an offer to take them out.
If the dividend gets reduced or eliminated, heads will roll.
BG stock deserves better.
At one time BG was to buy Corn Products (named changed to INGR). Look at INGR now compared to BG, from 30s to over 90 going over 100 next year.
Also stockholder equity and net tangible assets has dropped about $1 billion per year for the past 4 years.
The more I look at this company, the more certain I am they need to replace their entire executive suite with people who know how to run an agriculture company.
Yes, agriculture is almost as predictable as the weather but at least the weather is good some years.
And it appears the setup is to have another huge miss again with the high EPS forecast.
Why would ANY company consistently miss estimates?
Bunge would be wise to keep their forecasts about 50% below what they do now.
That way they could have a chance of at least meeting them.