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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (59645)7/23/2017 8:09:38 PM
From: E_K_S  Read Replies (1) of 78751
 
ADM & GIS are other food stocks on my list but will start positions on any correction/pull back. ADM is 1.8% undervalued according the GN valuation model w/ a fair value at $42.04/share. GIS not undervalue at all w/ a fair value of $22.91/share and the stock selling at $54.55/share.

SENEA is the best I have seen so far on it's undervalue percentage at 54% undervalued. So market is really discounting their FCF and/or BV.

FWIW BGS not undervalued at $37.25/share w/ a GN value at $24.10/share. The div looks quite good at 5% when I compare to my other div payers.

I may need to widen my food processor/distributor stock candidate coverage. I have been accumulating FPI an AG land REIT that owns/rents AG land w/ various type of crops. This type of investment was not around 10 years ago so it allows you to get one notch closer to the farm. They still do not cover their 5% dividend but AFFO and FFO are trending higher. LAND (Gladstone Land Corp.) is another Farm Land REIT but I do not like the management which comes from the finance field. FPI has actual farm operators on the BOD. LAND also has a preferred LANDP ( Gladstone Land Corp., 6.375% Series A Cumulative Term Preferred Stock) is one I have been watching at/below PAR for the income portfolio.

I think there is long term value in the food sector as we have been in a deflation cycle for years w/ multi year lows in crop prices. I am not sure if margins can expand up the processing chain unless there is a transition to robots.

That's where I have been looking for value but still not many to choose from.

EKS
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