Lester Goh
Recent high-school graduate, long-term greedy, value, special situations

FMC Corp: Misplaced Pessimism Creates 50% Upside, For Starters


In light of the recent market-wide sell-off due to global growth concerns, continued cheap oil, among other issues, several quality companies have become attractively priced. It is my belief that FMC Corporation (NYSE:FMC) ("FMC" or "the Company") is one such candidate.

Reasons for the opportunity: weakness within agricultural end-markets, substantial currency depreciation, GMO competition from larger peers, concerns over business model viability, skepticism regarding substantial one-time charges, high leverage, year-end tax-loss selling, and market-wide de-risking.

In my view, the aforementioned issues are either largely temporary in nature or unfounded. Shares are attractive because at current prices, the market seems to be under-appreciating the Company's portfolio transition into high-margin and differentiated franchises and attributing little value to its

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
PRO Top long ideas returned 21.7% in 2016**
"As a PRO member, we get uniquely valuable perspective that go beyond our quantiative analysis... We rely on PRO to get beyond the numbers quickly and add much needed perspective. It keeps me ahead of the next big thing. - Mark Choate, Malaga Cove Capital"
Mark Choate, Malaga Cove Capital
"Contributors (writers and commentators), often have a long history in the secuirities they opine on and some are clearly well positioned industry participants with detailed industry views that can help provide color on where the skeletons are buried in a particular secuirity and/or industry."
Jim Roumell, Roumell Asset Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details