FMC - High Risk High Reward - Why FMC Remains An Ultra-Deep Value Play
2024-02-09 07:30:00 ET
Summary
- FMC Corporation, a global producer of agricultural chemicals, has experienced a drop in stock prices due to poor 4Q23 results.
- The company reported a 41% decrease in EBITDA for Q4 2023 due to lower sales, but managed to mitigate some effects through cost management initiatives.
- FMC aims to reduce leverage through free cash flow generation and divestiture, and expects modest revenue growth and flat EBITDA for 2024.
Introduction
It's time to talk about the FMC Corporation ( FMC ) , one of the world's largest producers of herbicides, fungicides, and insecticides used to improve global crop output.
FMC Corporation
My most recent article on the company was written on November 21, when I went with the title "Down 60%, FMC Corp. Has Become An Ultra Deep Value Play." ...
High Risk, High Reward - Why FMC Remains An Ultra-Deep Value Play