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?
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's next earnings report will be historic not good. This report can't get here fast enough but surely the street will hear some whispers going into it. The management team position itself to do so and given their track record they will execute on it once again. I for one wouldn't be surprised in a 20-30% increase once this happens.