A Recession-Dodging Stock
JUST AS THE AGRICULTURAL RAW materials that it supplies are essential to the global diet, Olam International is proving to be an important ingredient in diversified equity portfolios. As Olam Chief Executive Sunny Verghese describes his Singapore-based company (OLAM.Singapore) to Barron's, it is "fairly recession-proof."
"From previous commodity cycles, I don't expect a recessionary situation to affect demand materially," says Verghese, who set up the agricultural-supply-chain management compan