BG - Bunge Global SA: Held Down By ABCD Issues Buying The Dip

2024-03-07 13:09:24 ET

Summary

• Archer-Daniels-Midland Company shares plunged after the company suspended its CFO and cut earnings forecasts due to an SEC investigation into its accounting practices.
• Bunge Global SA has outperformed Archer-Daniels-Midland despite being impacted by the latter's troubles. Bunge shares have held up and are attractive from a valuation and profitability perspective.
• Bunge Global is one of the world's leading agricultural companies and is positioned for future success, making it a potentially lucrative investment.

The ABCD group of agricultural leaders includes publicly traded Archer-Daniels-Midland Company (ADM), Bunge Global SA (BG), and privately held Cargill and Louis Dreyfus. The four companies are the 800-pound gorillas in worldwide agricultural commodity production, processing, and related businesses....

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