After staying away for a while, I was encouraged by my friend (EmergingValue) to provide an update. Sorry for being absent for so long but life has been busy and markets were full of uncertainty – not that we have
Sold ADM and increased China mobile.
This is just a brief follow up on my ADM post a few years ago. With time and additional purchases, it grew to one of my largest positions and therefore I think it’s about time to review the position again.
I decided to purchase another stock during the last week’s downturn which I constantly had on my watchlist: Archer Daniels Midland Company (ADM). I had purchased some shares during the great depression in 2008 or 2009 because I liked their low