FMC Corporation: Terrific Short-Squeeze Idea At Industry Bottom

FMC Corporation has experienced a severe equity decline due to excessive debt and cyclical industry headwinds, but aggressive deleveraging is underway. Management is raising $1 billion to reduce net debt, likely lowering annual interest expense by roughly $70 million and improving tangible book value. A grain market recovery and bullish technical momentum suggest potential for a strong turnaround, with cash EPS possibly exceeding $2 in 2027. I assign a Buy rating to FMC at $13, seeing asymmetric upside (+100% to +150%) versus downside (-60%) as theoretical targets, contingent on agriculture cycle growth.

FMC Corporation ( FMC ) is a leading agricultural play, with operations focused on chemicals to create healthier crops and higher yields per acre for farmers. Insecticides, herbicides, fungicides, and fertilizers are its main products. The company has been in business