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Friday, May 1, 2020

Recent Buy ADM

Recently I grabbed 11 shares of Archer Daniels Midland for $37.41 per share. 


Disclosure: Long ADM

Disclaimer

Material presented on 'Dividend Seedling' is for informational and entertainment purposes only and is the opinion of the author (a social studies teacher and not a financial advisor). None of the information should be relied on or taken as investing advice or a recommendation to invest. None of the information or opinions expressed, constitutes a solicitation of the purchase or sale of any security or investment of any kind. Please do your own research before making any investments. Do not making any purchases unless you are prepared to lose your entire investment

5 comments:

  1. Hi,

    I checked ADM some time ago as well, but after analyzing their cash flow, it looks they are generating negative cash flow, so I decided not to buy it.

    What was your motivation buying it?

    ReplyDelete
    Replies
    1. The short version is I believe their problems are short term relating partially to the Ethanol shutdown. You have a company that has raised their dividend for 44 consecutive years at close to a 5 year low. The products they deal with oils, soybeans, wheat, barley, and cocoa aren't going anywhere. Their size and supply chain give them a tremendous advantage. I'm no expert by any means. But I'm comfortable playing the long game with ADM.

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  2. Congrats on the purchase Seedling. I just picked up about 12 shares of XOM.

    ReplyDelete
    Replies
    1. Good stuff. Sounds like an excellent value move. I just didn't want to risk it right now.

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