Wednesday, November 12, 2008

Archer Daniels a good green investment?

Should ADM be your next green investment? That depends on whether you believe that ethanol is actually green.If you consider ethanol green?

Jim Cramer picked Archer Daniels Midland as a green investment that will do well under an Obama White House. Like Cramer, however, I'm not sure how green of an investment is ethanol. Still, if you are seeking a biofuel investment, then Cramer says ADM is a huge buy. Because it is large and worldwide, ADM is less affected by volatile corn prices. And, it's bioplastics business has huge potential.

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