Soros Buys ADM Shares

George Soros initiated holdings in Food Products company Archer-daniels-midland Co. (ADM). His purchase prices were between $30.76 and $36.72, with an estimated average price of $33.6. The impact to his portfolio due to this purchase was 1.27%. His holdings were 858,500 shares as of 03/31/2007. Shares of Archer-daniels-midland Co. were traded at around $36.69.

Soros, while I could not disagree with his politics more, I cannot argue with his track record in his investments. He is truly one of the all time greats in that department and anything he does is worth noting and following.

I have stumped for the value of ADM shares (and have held them for years) on this blog many times, the latest being here. It is always a confidence booster to know that one of the world greatest investors seems to be thinking along the same lines as you.

ADM shares, up 15% since I recommended them in Jan., are only in the infancy of recognizing their eventual value...