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Pay Back's a Bitch: Monsanto Plunges on Concerns About SmartStax Corn-Seed Yields

 
Monsanto on the skids!!!!
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09/28/2010 12:40 PM
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Pay Back's a Bitch: Monsanto Plunges on Concerns About SmartStax Corn-Seed Yields
Poor little MONSANTO...(you evil evil company!)

"Monsanto Plunges on Concerns About SmartStax Corn-Seed
Yields"

September 28, 2010, 11:48 AM EDT

Monsanto Co., the world’s largest seed company, fell the most in four months in New York amid concerns that its new SmartStax corn seeds aren’t performing as well as predicted.

Monsanto, based in St. Louis, dropped $3.58, or 6.8 percent, to $49.49 at 11:06 a.m. in New York Stock Exchange composite trading, the biggest decline among companies in the Standard & Poor’s 500 Index. The shares earlier fell as much as 8.4 percent, the biggest intraday drop since May 27.

Early harvest data show SmartStax seeds, which have eight added genes to protect against weeds and bugs, are yielding 3 percent to 5 percent less than cheaper seeds with two or three added traits, said Laurence Alexander, an analyst at Jefferies & Co. in New York.

“The initial data is weaker than we expected,” Alexander, who is based in New York and rates the shares “hold,” said in a report today.

Monsanto will provide credits for 2011 seed purchases to farmers who are dissatisfied with SmartStax corn or Roundup Ready 2 Yield soybeans, and that could become a “headwind” for the company next year, he said. Monsanto said Sept. 20 that early harvest data showed some new SmartStax corn hybrids were missing yield projections.

more at link

[link to www.businessweek.com]
Anonymous Coward
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09/28/2010 12:42 PM
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Re: Pay Back's a Bitch: Monsanto Plunges on Concerns About SmartStax Corn-Seed Yields
5a
Anonymous Coward (OP)
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09/28/2010 12:51 PM
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Re: Pay Back's a Bitch: Monsanto Plunges on Concerns About SmartStax Corn-Seed Yields
5a
 Quoting: Anonymous Coward 832701


"Monsanto will provide credits for 2011 seed purchases to farmers who are dissatisfied with SmartStax corn or Roundup Ready 2 Yield soybeans."

The above quote is actually quite a surprising stance for the corporate giant Monsanto to take. It could be revealing a true vulnerability in Monsanto's corporate armour that may be able to be further exploited by farmers with meaningful results in the future.

What do you want to bet that more farmers are waking up to the truly EVIL CHARACTER of Monsanto and its long-range corporate goals (massive global depopulation) and are trying to do what they can to put market pressure on Monsanto?

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