Corteva: Cheap Based On The Longer-Term Expectations, Even With The Pension Deficit
About: Corteva, Inc. (CTVA), Includes: DD
by: The Investment Doctor
Summary
Corteva's first half of the year was very decent, and the company reported strong free cash flows.
Due to seasonal effects, we shouldn't expect much from the second semester based on Corteva's full-year guidance.
Corteva's expected growth trajectory remains intact, and the company is still attractively priced.
Volatility has boosted the option premiums and I will be looking to write an out of the money put option in an attempt to establish a long position further down the road.
Introduction
After having checked DuPont de Nemours (DD) and not being impressed with its share price and current valuation, I wanted to have a closer look at its historical spinoffs as well.
