Derf, With ADM, I figure the recovery could be bumpy due to news flow, etc. But it's a solid company with a dominant position in its industry, so in a year or two the stock should be recovered and back on track. So the 40% haircut is just temporary, which would make this a buying opportunity. But will need to be patient.
ADM has reportedly been trying to move into higher margin areas, and management apparently linked their bonuses to the performance of that newer Nutrition Unit. But when the unit was taking too long to get rolling, they apparently tweaked the unit's numbers in order to keep their bonuses high. That's what it sounds like anyway. So not good, but I figure in a year the stock has recovered, making the current selloff a bargain for patient investors. Sounds logical, but we'll see what happens. Either way I only have a small position.
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