Introduction
Archer-Daniels-Midland (NYSE:ADM) had been on my watch list for a very long time. I then built up my first holding during the COVID-19 crash and expanded it over the following months. Essentially, I targeted the cash
Archer-Daniels-Midland: Current Correction Is Not Enough For A Buy Rating
Summary
- I have been very lucky twice with Archer-Daniels-Midland. My first purchase was well timed and so was the partial sale before the correction.
- Again, that was pure luck and only based on a fundamental valuation perspective.
- For long-term investors, however, the shares are now back in a territory where an initial entry with a tranche could be worthwhile.
- For a somewhat stronger buy rating, the price would have to fall another 15-20 percent.
Runner of the TEV Blog | Private InvestorI am a long-term oriented investor and in my early thirties. I hold a law degree and a doctorate in law and love investing and talking about my and others' investments. I regularly write about my research and investments on various investor platforms and the TEV Blog. **My articles represent my opinion only and in no way constitute professional investment advice. It is the responsibility of the reader to conduct their due diligence and seek investment advice from a licensed professional before making any investment decisions.**
Analyst’s Disclosure:I am/we are long ADM. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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