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Archer-Daniels-Midland Company Message Board

  • cabin111 cabin111 Nov 3, 2009 7:25 PM Flag

    Why I bought ADM last month...

    Hey there. I had owned ADM for 10 years or so...loved when they would give the dividend and the stock dividend. I sold my stock a few years back (my wife kept hers in her Roth IRA). Last month I bought in at $29.55 (Roth IRA). I then did a covered call for the March 2010 $33. I got $1.20 for it. Some of the reasons I like this stock...pretty low P/E ratio, consistant dividend, good option money, commodities should remain strong for export around the world, world leader in many commodities...with processing plants around the world, buying the fleet of ships, buying processing plants in eastern europe, efficient transportion network, good management, it just makes money! Just me. Cabin

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