Hi Patrick, Have you compared FMC with $CTVA Corteva? I think they hold by far the most patents in the field of genetic engineering for plants and food and are a good deal bigger
@Dont_be_greedy Yes, I have. But kgv 4 versus kgv 60, so I opted for $FMC. I agree that your patents last much longer. However, some of these will also expire in the next 6 years.
Yes, that actually speaks in favor of FMC. The dividend yield and low payout ratio are also really exciting. I'm surprised that they slumped so much after 2022 and Corteva didn't. Do you know why that is?
@Dont_be_greedy In 2023, sales collapsed and so did profits. There were studies on the actual effectiveness of a product and, in some cases, on long-term risks. But the product was removed. It was only approved in America anyway. I think that cost them a lot of trust. But they are one of the 6 largest manufacturers of crop protection products in Germany and I believe they are in 10th place worldwide.
