Is Archer Daniels Midland A Good Investment?
While I'd love to eventually have my own farm I have a feeling that's not a desire that's shared by most people. The fact of the matter is that Archer Daniels Midland (ADM) is involved in the fundamental business of agricultural processing and go largely under the radar. Every day I'm sure I eat something that the business has had its hands on during some point of the process from the ground to my stomach.
Since Archer Daniels Midland's share price is around 13% below its 52-week high, I wanted to examine the company and see if the valuation makes sense to add this Aristocrat to my portfolio.