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Archer-Daniels-Midland Company Message Board

  • garyc732 garyc732 Dec 7, 2006 10:36 AM Flag

    Looks like we already hit bottom

    We should move higher as will the price of oil.
    At less than 14 times next year's earnings, ADM is
    very cheap.

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    • Is ADM cheap, or are the others overpriced????

      Serious question, not being a smartass?

      I know that ADM is closer now to breaking (out) up again

      (I mean breaking out and going up) being 26% down from the top...

      MarkP

      • 1 Reply to markp1950
      • It is a mixture of both; we see ADM sitting at a P/E of less than 15 times current earnings, while related stocks are significantly greater. Keep in mind there has also been zero bad news about the actual company, so I believe we are witnessing the average Joe's manipulation of the stock prices...hype in other companies seems to be the driving force, but we can already see some major correction in VSE's price. The point of major correction for ADM and all related stocks will obviously be when the next quarterly earnings are released, so we will just have to buy low and wait until then.

 
ADM
52.4664-0.4536(-0.86%)10:02 AMEDT