FMC: Fertile But Risky Grounds
FMCFMC (FMC) Seeking Alpha·2024-07-15 00:13
JHVEPhoto/iStock Editorial via Getty ImagesIn the summer of 2022 I believed that FMC (NYSE: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. The company has taken on too much leverage and has been hurt by de-stocking trends, soft execution and some patent issues in its portfolio, all of which made FMC become a huge underperformer. If the company can stick to its outlook af ...