Watch stocks you care about
The single, easiest way to keep track of all the stocks that matter...
Your own personalized stock watchlist!
It's a 100% FREE Motley Fool service...
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of ag company Bunge Limited (NYSE: BG ) fell 10% today, after the company released earnings.
So what: The company's revenue rose 9%, to $17.0 billion, but analysts had set their sights on $18.69 billion. To make matters worse, the company reported a $610 million loss when you include a $683 million one-time charge. Even if you take out the charge, the adjusted earnings per share of $0.57 was well short of the $2.36 analysts expected.
Now what: A big loss at the company's risk management division was blamed for most of the disappointment, and the company sees this as a one-time event. CEO Alberto Weisser also said he will step down as of June 1 after 14 years on the job. This was a disappointing quarter for the company, but with the need for food only growing, and shares now trading at nine time forward earnings, I think this is a buying opportunity for investors.
Interested in more info on Bunge Limited? Add it to your watchlist by clicking here.
RSS Headlines
Fool UK
Comments from our Foolish Readers
Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the
Report this Comment icon found on every comment.
Be the first one to comment on this article.