Giant Ag cooperative CHS reported softened financials yesterday. Net income came in at $297 million versus $548 million is the year ago quarter. For the 9 month period earnings were $990 million versus $1.6 billion last year.
Both energy and ag sector earnings were down. Typically weakness in one sector would be balanced by strength in the other sector. Obviously while this quarter was weak relative to a year ago total earnings are still at a billion dollar earnings run rate.
How much do the preferred divs cost them?
Tim; I assume you still own it? I read the entire report. Obviously was not impressed but I will continue to Hold.