Monsanto Company (NYSE:MON)
CAPS Rating:
A global provider of agricultural products for farmers.
A global provider of agricultural products for farmers.
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Recs
Recent short-term bad news has hurt this stock, but long-term this company will be needed to maintain adequate world food production, so the recent stock retreat is a potential buying opportunity.
Do a google image search for some real dry or sick humor depending on your view point - I especially like Monsanto Claus. The tree huggers definitely have had them in their sights for awhile - but the technology is here to stay - genetically ehhanced foods, fertilizers and weed/insect control - like it or not the only way to increase production on limited space is to increase yield. Stock price has not recovered much from the crash - definitely a buying op - and with a direct purchase plan you can dollar cost average with minimal fees and skip the broker - first share and every share. Core holding in my portfolio
Although I closed out my CAPS position to secure some percentage points, I still own the stock because of the reasons I noted above.