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Archer-Daniels-Midland Company Message Board

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  • beaglepower2020 beaglepower2020 May 19, 2009 6:49 AM Flag

    Now is the Time to Buy ADM

    Never buy a stock like ADM when this stock goes down while the whole market like the DOW goes over 200 points. Everyone happy except ADM stockholders. Buy whenever the price of ethanol goes above $2.00 a gallon. Maybe?

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    • It would seem counterintuitive but adm made a significant acquistion last quarter, so it was growing while earnings were suffering. It might suggest long term confidence in adm. I wonder if vt .to is a takeover target? would give adm even more of a monompoly on North American grain handling, but perhaps it would be denied.
      I still see adm as oversold. One poor quarter means almost nothing, especially with such volatile commodity prices, and ethanol/crude oil prices. I think one might get adm at a really good bargain before next earnings report whick is likely much better. jmho.

 
ADM
39.14-1.36(-3.36%)Jun 27 4:00 PMEDT