Will ADM now have record eps and nearly a record low p/e... in this time of growing grain, etc. demand around the world.. and after ADM's steady growth in assets and processes over the years..? Seems like ADM is a growth stock in an important sector and very likely headed for sequential all-time highs in p/share. Hoping to keep adding on every speculative pull-back.
Part of the reason is possibly decrease of ethanol margin. ADM has more then 10% in ethanol business in US. It also has join venture with Corsan (CZZ)...When corn price going up, farmers have more money and incentive to buy fertilizer.