FMC - Up 30% FMC Remains One Of My Favorite Deep-Value Plays

2024-05-15 11:26:59 ET

Summary

• FMC, a major player in agriculture chemicals, showed resilience amidst challenges. Despite the revenue decline, the company's proactive cost-saving measures and innovation focus signal long-term growth potential.
• While manageable, debt levels warrant close monitoring, especially in light of economic uncertainties.
• Overall, FMC presents a compelling investment opportunity, balancing resilience with challenges in the agriculture sector. With a strategic focus on innovation and cost-savings, it could soon benefit from higher demand.

Introduction

It's time to talk about agriculture. In this case, we'll discuss a very specific stock, which I gave a Strong Buy rating last year.

That company is the FMC Corporation ( FMC ) , one of the world's largest producers of agriculture chemicals. My most recent article on this company was written on February 9, when I called the stock an "ultra-deep value play."

Since then, FMC shares have returned 30%, beating the S&P 500 by roughly 26 points. In fact, both (here's the other one ) of my Strong Buy calls are now profitable....

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