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Non-Tech : ADM anyone?
ADM 58.62-0.4%Nov 14 9:30 AM EST

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To: Joan Osland Graffius who wrote (53)4/9/2000 10:27:00 PM
From: Tapcon  Read Replies (1) of 106
 
Joan,>>Does anyone here have any thoughts on ADM. I have recently added to my ADM position.

I have been watching closely. I have (unfortunately) only a third of my position in IMC. But thinking about grabbing some ADM. Am I reading it right that for the last 3 years, despite the prolonged ag slump, that ADM has been issuing a 5% stock dividend in addition to the 1.86% monetary dividend?

And looking at the 10 year chart, we've been below $10/share only in 1990-91. Another instance of pulling down close to a 7% dividend while waiting for some capital appreciation?
Appears to be limited downside risk if the time horizon is two years or so.(That's why I picked up some banks and IMC a few weeks ago.)

--Paul
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