This is not a guess or opinion these are actual facts in the LIFO (last In First Out) inventory valuation. "ADM has at least $0.80 per share to ADD to the analysts estimates this coming qtr. I called Dave Driscoll (Citi analysts for ADM) before the last qtr earnings to tell him of the LIFO inventory addition to earnings but he would not listen. It will happen again this coming qtr but most likely not in 3rd qtr unless corn and soybeans fall further. "
$29.36 is the yahoo target and i think that is too conservative, we probably see that number tomorrow and the yahoo high target price sometime early 2009. I think adm will exceed the yahoo high target price in 2009 as well.
Looks like it might be ready to break out and up. Still looks undervalued to me. What i have noticed with adm is that once it starts to move it has a lot of momentum, and this could steadily climb over the next month.