|Hi all, I'm new here. I practice value investing. |
@Paul: what about CF? Did you had a look to the company? They are the biggest, with Yara, in the nitrogen field. In Q3 2015 they gave a pretty wide picture on geopolitical scenarios affecting the fertilizers in 2016, 2017, 2018 an how they are going to allocate cash.
ADM is a nice play. It does not pass my quantitative screen for moat, but it scream in my value screen as undervalued relatively to industry, sector, market and on a DCF projection basis ( price/fair value < 0.65 ). It has a nice risk/reward profile based on historic valuations as well.