Monday, October 11, 2010

Some Monsanto

I picked up some Monsanto (Ticker: MON) today at $52.11 as a contrarian play. The company is generating tons of free cash, which it uses for stock repurchase and increased dividend payouts. Back in July, the CEO and CFO purchased a good amount of stock. This stock was getting beat up and all it needed was a catalyst to get it going. The catalyst came last Friday when the USDA reported that corn production will be lower than expected. This is great news for Monsanto. It looks like all the stars are now aligned for Monsanto stock to start heading higher. Oh, a ton of analysts have recently downgraded Monsanto because of the corn yield concerns with SmartStax… Surely, this means that Monsanto will certainly start heading back up!


At October 15, 2010, Blogger Emily Jones said...


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