2024-07-14 12:13:19 ET
Summary
- FMC´s shares more than halved from post-pandemic highs due to leverage, de-stocking trends, and patent issues, making it a huge underperformer.
- The struggles are real, but the company guides for a recovery in the second half of the year, while divesting some assets to create liquidity.
- While management does not have credibility on its side, the risk-reward looks compelling, certainly if improvements are delivered upon.
In the summer of 2022 I believed that FMC ( FMC ) was boosting yields, for farmers and investors. That upbeat stance has been utterly wrong, as a $100 stock has nearly halved, while markets at large have been setting new highs....
Read the full article on Seeking Alpha
For further details see:
FMC: Fertile But Risky Grounds