George Soros Buys Archer Daniels Midland Shares

by: Alternative Energy Investing
George Soros initiated holdings in Food Products company Archer Daniels Mmidland Co. (NYSE: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:

ADM

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