CTVA - FMC Corporation: Poised For A Turnaround Amid Market Challenges
2024-05-23 09:03:58 ET
Summary
- I believe FMC stock is depressed and is poised for a turnaround in the 2H of 2024.
- The company has faced significant headwinds from the global crop protection inventory destocking phenomena damaging company performance, a scathing short-seller report, and a historically levered B/S.
- Despite these headwinds, FMC has tailwinds that begin in the 2H of FY 2024 that should improve company performance and cash generation.
- With tailwinds coming in the 2H and restructuring cost savings flowing through the financials, FMC’s stock price presents a compelling investment opportunity.
FMC Corporation's (FMC) stock price has declined 55% from its historic high of $140.99 in April 2022 to $64.15 as of the time of this writing. The large price decline has been warranted, for reasons we will discuss, but I believe the stock is oversold and poised for a turnaround in the 2H of FY 2024. ...
FMC Corporation: Poised For A Turnaround Amid Market Challenges