According to Archer Daniels Midland (NYSE:ADM), they've maintained a strong balance sheet in order to be ready for opportunities for a merger or acquisition, their preferred means of growth in the near future.
ADM has been struggling, as their recent quarterly report shows, with sweeteners and starches falling in price, and ethanol and corn syrup expected to continue dropping in price as well.
This is why they are focusing on growth through acquisition, as organic growth looks like it won't be happening until demand turns around.
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