DOWN 24% in ONE DAY 🤯 | Accounting SCANDAL | OVERBLOWN or... MORE PAIN TO COME?! 😱
1,989 View
- Publish Date:
- January 23, 2024
- Category:
- What Are Reits
- Video License
- Standard License
- Imported From:
- Youtube
STOCK is DOWN over 24% in ONE day... there's an accounting scandal/mishap ongoing, CFO is on leave and the dividend could be / should be... safe, BUT... who knows...
Why do dividends matter? Dividends are one of the best passive income sources. Dividend investing increases your passive income, as you reach financial freedom!
Reference items:
â–ºSoFi - Earn $25 FREE Stock when you Invest $10!: https://bit.ly/3BHfJfs
â–ºSoFi - Open a Savings/Checking Account, earn up to $275!: https://rb.gy/3itol
â–ºFundrise - Dividend Diplomats Use this for Real Estate Investing: https://fundrise.sjv.io/9aJWW
â–ºGoogleFi - Save ~$30 month for switching to Google's Phone Plan: https://g.co/fi/r/1292VY
â–ºDividend Diplomats Stock Portfolios: https://bit.ly/3fc7G2B
â–ºDividend Diplomats Blog: https://www.dividenddiplomats.com/The stock market or the S&P 500 is down over 5% in the last month.
Archer Daniels Midland (ADM) stock dropped 24% today, as the CFO is on leave and there is an accounting scandal brewing, with a potential downward adjustment on their Nutrition segment.
Now, management believes there's only a $0.37 impact to adjusted EPS, going from $7.27 to $6.90. However, who is to say and/or tell what 2024 and beyond look like.
The market did not take the news favorably, of course. Here is why, again:
- Accounting Mishap / Accounting Scandal
- CFO on leave
- Downward earnings pressure from a segment that was to be highly profitable, may not be as profitable anymore
- Unknown further risk in their accounting practices
Surely there is indeed more risk here, than the traditional risk of buying a stock. The dividend increase from ADM was to come this week, surely, that will not be happening.
What are you doing about ADM stock? Are you holding? Buying ADM stock with the stock drop? Staying away from this messy situation? LET US KNOW! Obviously, do your own due diligence and this is not professional advice!!
Thank you everyone! Subscribe, like and let us know your feedback & questions below!
Follow us on:
â–ºTwitter: https://twitter.com/DvdndDiplomats
â–ºInstagram: https://www.instagram.com/dividenddiplomats/
â–ºThreads: https://www.threads.net/@dividenddiplomats
#investing #stocks #dividends #financialfreedom #money #moneytips #PersonalFinance
