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Archer Daniels Midland Company Message Board

  • manylumen manylumen Jan 19, 2009 7:40 PM Flag

    anyone think adm might get taken private?

    I had thought adm might get taken private by some big investors looking for safe haven investment in this weak economy, but perhaps adm is too big. Of course cargil is bigger and is a private held company. If adm remains undervalued it could happen, but i would rather hold it next decade or more than see it go for a mere 10 or 20% premium here.

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    • I doubt that ADM will ever become private.

    • TADM is a public company. It is part of their culture. They have paid a quarterly dividend for 71 years and have increased that dividend every year for 18 years. They operate it in a way to increase shareholder value. For years they paid a 5% share dividend and bought in 5% of the shares so the share count stayed the same. So every uyear you owned a bigger piece of a same sized company. Now you have to buy the shares yourself with the dividend re-investment, but they still do keep the share count pretty flat.

      Companies like State Farm own a lot of shares, but as a value investment with a growing income stream to help them fund their obligations.

      Cargill had always been a VERY private company. That also is part of their culture.

      I wouldn't expect ADM to go private or Cargill to go public.

      I would consider this the ADM mantra:

      << 1. We pay a dividend and increase it every year.

      2. It is important to our shareholders (owners).

      3. We can afford it handily. >>

      That doesn't much sound like a private company.

      2

 
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