Umm, I hate to be a skeptic, but wouldn't the EU's recent decision not to license any more GM crops until the year 2002 put a damper on a company that has placed so many of its eggs into the agbiotech basket? ISn't it up to its eyeballs in debt from aggressive acquisition of germplasm and seed distribution firms?I think we're as likely to see 35 before we see 50 again...I'll wait for that level to purchase.
MTC has 50 or close to it 3 times this year.After a very weak performance yesterday downto 38 1/4 ... rallied back to close at 40yesterday. It is holding strong today also.Even with the GMO pbs...from what I have readMTC is crushing its competitors in Ag. ANyanalyst rating I have read sees MTC as beingworth from 50 to 70 over the next year.I don't think it will hit 35 unless disasterstrikes. Here's to hoping 7/27 brings goodnews.Also, if pharmaceuticals come back into favorsoon ... MTC will get caught up in that too.BTW Celebrex...
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