Monsanto's Stock Is Still a Long-Term Growth Story
http://business-news.thestreet.com/signonsandiego/story/monsantos-stock-is-still-a-long-term-growth-story/12753799
Monsanto's Stock Is Still a Long-Term Growth Story
Written by: Richard Saintvilus 06/24/14 - 6:00 AM EDT
NEW YORK (TheStreet) -- Shares of agriculture giant Monsanto , which are near their 52-week high, have been growing like weeds, closing Monday at $122.10, up nearly 5% for the year to date.
Although the YTD performance is modest, you'll be hard-pressed to find a better performer over the past four years. During that span, Monsanto stock has bloomed well over 160% compared to the Dow's 75% gain.
Monsanto will report third-quarter earnings Wednesday. With management operating on all cylinders, I would not be in a rush to sell the stock here, especially since management recently backed its full-year outlook, saying it expects to post a smaller loss in the fourth quarter compared to previous years.
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Consider that when compared to rivals Syngenta and DuPont , Monsanto already enjoys a strong market position in areas like corn and soybeans. This is due (in part) to Monsanto's Roundup Ready and Intacta traits, which allow farmers to effectively control weeds while preserving the safety of their crops.
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IIRC, Monsanto's Roundup is responsible for the declining Monarch butterfly population - it's really good at killing milkweed.