I read that cargil does not have to perform each and every quarter with shareholders looking over their shoulder. This allow cargil to set up long term plays to grow earnings. I think that there is a risk that big money investors might want to take adm private, if adm has a weak share price. If i was a billionare adm might fit into my stable portion of my investments. jmho
One sees China buying up longer life reserves in some commodities. While adm is not a commodity play its a service or almost utility play, and China might just see it as an opportuinity to hedge is growing food import costs. I doubt the US govt would approve the sale of adm to a foreign country. jmho
If adm contiues to trade at low prices, it is possible a set of investors might take it private like Cargil. If big money investors think adm management is under performing they might just take it private, regardless of earnings,thinking they can do better. great long term fundamentals.
look at the small print - a good chunk of the earnings come from the sale of a meat venture, energy, and mosaic - none of these are in the adm realm - and nothing was said about corn and soy processing