George Soros Buys Archer Daniels Midland Shares

George Soros initiated holdings in Food Products company Archer Daniels Mmidland Co. (ADM).

His purchase prices were between $30.76 and $36.72, with an estimated average price of $33.6. The impact to his portfolio due to this purchase was 1.27%. His holdings were 858,500 shares as of 03/31/2007. Shares of ADM were traded at around $36.69.

While I could not disagree with Soros' politics more, I cannot argue with his track record in his investments. He is truly one of the all time greats in that department and anything he does is worth noting and following.

I have stumped for the value of ADM shares (and have held them for years) on this blog many times, the latest being here. It is always a confidence booster to know that one of the world greatest investors seems to be thinking along the same lines as you.

ADM shares, up 15% since I recommended them in January, are only in the infancy of their eventual value . . .

Disclosure: Author is long ADM.

ADM 1-yr chart:

Comments

[UncleFred:]

Todd states that he "could not disagree with Soros' politics more".

So I guess Todd thinks George W. Bush is doing a good job as President.

If Todd's political judgement is that poor, I wonder if his financial judgement is much better.

2007 May 22 11:53 AM

[Mmarrkk:]

I think Todd said he couldn't disagree with Soros, not that he agreed or disagreed with W. I shudder to think where we would be had Soros been successful in his political endeavors. Think its bad now (which I don't btw), think how bad it would be with that nutcase Gore or the socialist Kerry in power.

I believe I've read where Soros is a criminal, convicted by a court in a foreign country but able to stay out of jail because of his money. He manipulates markets and tried to manipulate our elections. No wonder the Dems love him.

2007 May 23 09:51 AM