Still like adm and its oversold again. It looks like it did not perform up to market expectations, but it still is doing well. So it is a buy opportunity again. I must admit while it is tempting one might want to wait for some insider buys as the signal to get in or pick up more. the s&p guys have been giving adm a hold rating for 2-3 years now. One might as well collect the dividend and wait for it to take off as it will at some point in time. Volatile commodity prices and currency impacts are difficult to predict. So i think one could wait for insider buys or better s&p recommendation.
ADM shed 6% today because of an EPS miss. EPS estimates are set by the analysts covering the company. If you didn't listen to the CC today you should go and listen to David Driscoll's comment, not question, but comment about how they should have known this was coming and let the analysts know. He pretty much ripped Pat and the gang a new one. I hope they heard what he said. By his tone you could tell he was not happy with the miss as well!