Archer-Daniels-Midland: Solid Fundamentals, Bargain Price

Andrii Yalanskyi Introduction On December 27, I wrote an article titled "Ultrawide Moat, Great Valuation, Dividend Growth: Archer-Daniels-Midland Has It All." Although a three-month period is not a great measurement to check if a long-term thesis is working out, it needs to be said that Archer-Daniels-Midland Company (NYSE:ADM) shares have fallen 12% since then. During this period, the S&P 500 has returned 10%. Data by YCharts While ADM had been struggling with margins due to lower inflation, the main r ...