ELD’s comprehensive footprint covers farm & rural insurance, commodity exchanges, and property / farming equipment sales. Hence by definition ELD is a great proxy for the health of the Australian Agricultural Sector and not surprisingly this South Australian based company has enjoyed a strong few years where COVID was no more than a blip on the radar. We like this $1.8bn sector goliath which comes with the added bonus of a steady greater than 3% yield, the issue is price / valuation. We like ELD under $12 but its far more exciting below $11.
MM likes ELD into weakness
Add To Hit List
