CFO makes six-figure buy.On Tuesday, August 6th, Ray Young, CFO atArcher-Daniels Midland (ADM), picked up 3,400 shares. His total cost came to just under $125,000. The buy increases his holdings at the company to over 353,000 shares.
As the head of finance at a company, a CFO buy is a strong buy signal for investors, as the company may have more room to run ahead, or is otherwise undervalued on a fundamental basis.
Trading at 16 times earnings and 11 times forward earnings, the agricultural commodity producer and provider certainly looks like a value play here. Shares are down 25 percent...
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