Via alligatorinvestor.wordpress.com/:
I bought ADM yesterday afternoon. I think Archer Daniels Midland is a great company with tremendous potential for future growth. ADM has come to be viewed by the market as an ethanol and biodiesel stock, and they are in fact the world’s largest ethanol producer, but biofuels are just a sideline to their main business of crushing soybeans and corn to manufacture food products. ADM is a strong company with a solid leadership position in the highly profitable business of processing soybeans, corn, wheat, and cocoa. It is hard to find commercially prepared food or beverages which do not contain ingredients manufactured by ADM. Although the stock’s current dividend yield is only 1.14%, this company has paid dividends for 75 years, they have increased the dividend every year for more than 25 years, and the payout ratio is only 17%. The stock is quite cheap for a blue chip with excellent prospects. It has a price-earnings ratio of 15, a price to cash flow ratio of 10, and a price to book value ratio of 2....
$34.3 (02/07/07)
