http://online.wsj.com/article/SB1000142412788732364490457827...Wall Street Journal has article on Monsanto today. Interview with CEO Hugh Grant. In my view the article is off target from the point of view of investors. He opens with earnings data and the defeat of the recent ballet item in California that would have required labeling of GMO modified foods. Grant had an opportunity to address the safety data on GMO foods.The focus is negative. Author associates Monsanto with its chemical background and Agent Orange. I have heard that before for Dow but not for Monsanto--not that Monsanto did not have its problems with PCBs.Article ends with discussion of global warming, but ends with the idea this is a threat to the future of Monsanto. But no mention of the drought tolerant corn that Monsanto plans to market this spring.Other items investors would like to know were omitted too--1) The battle for market share vs Dupont in the US and Latin America2) The imports of cheap Glyphosate herbicide from China that reduced margins on Roundup a few years ago.3) The supreme court challenge to planting second generation soybean seedsThe article was fluffy compared to what I expect from the Wall Street Journals. It was not up to standards.But then if you read the comments posted on the WSJ.com site. Bizarre. Nearly all are from opponents to GMO food, and pesticides, favoring organic crops.
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