Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Lee Lichterman III who wrote (28020)	1/20/2002 12:24:59 PM
From: Joan Osland Graffius	Read Replies (1) of 52237

Lee, The ADM dividend was 20 cents cash per share and 5 shares of stock per 100. The 20 cents of course depends on what you paid for the stock. Have a slug of dividend shares so the returns are nice. <ggg> One thing I do like about the company is the families that started this company do partially depend on their investments in the company for wealth. If you look at the financials they have been good at worrying about stockholder value I do think the ADM management is good at what they do. Over time they have been quick to close down plants when commodities are is over supply, like now they have closed down cocoa plants. They also get along with there competitors as they do not get into price wars. Another food stock that has been beat up is CPO because of the Mexican protection legislation of sweeteners. I have been digging and do not have a firm number that will account for the short fall going forward. I am sure that this Mexican change in legislation is also weighing on ADM. I have not followed AGM closely. I know to much about what is going on in the agriculture arena as farmers in this country have been in a depression since around 1950. In the township where I grew up on a farm in North Dakota there was on average one framer per 160 acres and now there is close to one farmer per 12,800 acres. Now we are talking about the richest farm land in the country – Red River Valley. There has been a fair number of these farmers that declared bankruptcy and I don’t see this subsiding. The only farmers that are financially surviving are the ones that have large land holdings that were owned by their ancestors as they have not had to pay for the land. These 4 th generation farmers are now farming this land and everyone else’s land in the township. If one would want to start farming today, buy land, machinery, etc. It just can not be done!!!! This is why I shy away from AGM. It could be that they do a good job of insuring that assets are available for the loans that they have on the books. Joan

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