Monsanto Company (MON) – Bear of the Day
Monsanto Company (MON) is a leading global provider of agricultural products to farmers. The company's pipeline of agricultural biotechnology products stands unmatched in the industry.However, an intense competitive environment and the company's huge dependence on a few large customers present risks to its top line. Monsanto also faces foreign currency risk since a significant portion of its income comes from outside the U.S.
We reiterate our Underperform recommendation on the stock based on weak results for three consecutive quarters. We believe this will continue based on the 2010 guidance provided by management, which is 43% lower than fiscal 2009.
Zacks Investment Research
July 16, 2010 | Filed Under Stocks to Sell
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