Tuesday, July 23, 2013

Monsanto: The Agriculture Behemoth Is Still Attractive Despite Revenue Miss

From Seeking Alpha

The world's largest seed company, Monsanto (NYSE: MONreported its third quarter's results two weeks ago in which its profit dropped by 3% as last year's drought had a negative impact on the growth of corn seeds and also increased production costs, which consequently offset the positives coming from the rise in herbicide prices.
The business operates mainly in two segments, Seed and Agriculture Productivity. The Seed segment, which forms the backbone of the company witnessed a drop in sales and income but a better performance by Agricultural Productivity, coupled with favourable taxes, made sure that Monsanto ended up beating the earnings estimate. But, Monsanto has strong fundamentals with growing international operations and is still far more profitable than its rivals ... Read More