Use access key #2 to skip to page content.

Good Old Fashioned Genetically Modified Growth

Recs

10

August 27, 2008 – Comments (3) | RELATED TICKERS: SYT

Good Old Fashioned Genetically Modified Growth

As someone who strongly believes that the analysts who are calling the recent run-up and slight pullback in the prices of agricultural commodities a "dot.corn" bubble have no idea what they are talking about, I have hung on to all of the ag plays in my portfolio.

One of them is the Swiss pesticide / biotech firm Syngenta (SYT). I personally look at it as a cheaper alternative to Monsanto (MON) which I am also bullish on, but do not own (other than in CAPS where I'm +151 on it :)).

Zacks published a bullish note on the company this afternoon. It reiterated its "Buy" rating and $65 six-month price target on SYT (which closed today at $52.92). Zacks stated that it believes that the depth of Syngenta's large number of products makes it one of the safest plays in the ag sector and that it should be trading at a higher multiple. It also believes that Sygenta management will successfully cut costs in the near future. Syngenta is also expected to begin showcasing its new Biotech pipeline in the near future, which could serve as a catalyst for the stock.



Syngenta Poised for Growth

Deej
Long SYT 

3 Comments – Post Your Own

#1) On August 28, 2008 at 12:29 AM, GS751 (27.48) wrote:

Why not buy the underlying commodities

Report this comment
#2) On August 28, 2008 at 6:52 AM, TMFDeej (99.25) wrote:

Good question, GS.  Commodities are a much more volitile, short-term game.  I have good friends who are commodities traders who hold positions for a matter of hours or days.  I prefer to think a little longer term than that.  Besides, I don't have a commodities trading account...not that it would be difficult to get one. 

Deej

Report this comment
#3) On August 28, 2008 at 6:52 AM, TMFDeej (99.25) wrote:

Good question, GS.  Commodities are a much more volitile, short-term game.  I have good friends who are commodities traders who hold positions for a matter of hours or days.  I prefer to think a little longer term than that.  Besides, I don't have a commodities trading account...not that it would be difficult to get one. 

Deej Report this comment

Featured Broker Partners


Advertisement