Earlier this month I did my analysis of ADM (here). ADM passed 9 out of 10 from the Pollie-code. The Pollie-code only failed at the ROE. And it was a close finish. Considering all the data ADM is a great company.
The stock is down more than 30% YTD. At this moment ADM is attractively priced with a P/E of 12.64. That’s significantly lower than the broader market. All in all I think now’s a pretty good time to add ADM to my Vrijheid Fonds.
Today (December, 28th) I bought 41 shares of ADM at $36.56 per share (incl. fees).
With this buy, I do not add some passive income to my Vrijheid Fonds for this year. The projected dividend income for 2016 for this purchase of ADM is € 39.
I’m not the only one who is buying ADM. Some fellow DGI’s also bought ADM lately.
Again a small step in my journey. And one-step closer to my goal.
Has anyone else invested in this company recently? Any feedback is greatly appreciated!