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Great Earnings from Monsanto
Monsanto (MON), one of my favorite Blue Chip Growth stocks, just reported amazing earnings. Investor's Business Daily reports:
Agricultural giant Monsanto (NYSE:MON) kicked off the year with a running start on Thursday, blowing out first-quarter views amid hefty demand from Latin America.
The seeds and herbicides dynamo earned 46 cents a share, up 188% vs. a year earlier and 11 cents ahead of Wall Street forecasts.
Sales grew 36% to $2.1 billion, the fastest growth in at least four years. Monsanto also upped its fiscal 2008 earnings guidance.
"This has been a very strong start to our fiscal year," said Carl Casale, Monsanto's executive vice president, strategy and operations.
Monsanto's shares shot up 8.5% to a new high of 120.92. Farm machinery and fertilizer makers also surged, extending their big runs.
Monsanto's key drivers were growth in its Roundup agricultural herbicides and corn seed sales in Brazil and Argentina, he said.
Monsanto produces corn and other seeds, and develops biotech traits integrated into the seed itself. These traits offer farmers ways to protect the inherent yield potential of each seed.
We now have a 319% gain in MON in three years. The stock is a strong buy up to $112.
Posted by Louis Navellier on January 4, 2008 1:35 AM | Permalink
Navellier Growth Blog
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Here's my report:
I have a inception return of 1102.86% in MON. in my virtual materials sector fund at Marketocracy The stock is hold.
Mon is top holding #2
Bought on May 2, 2003 , 1,100 shares
Days held: 1711, still holding.
Both are nice long term winners !
Welcome to see your biggest gainers, too!
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Comments (5)
Hi Armin,
The biggest gainer in SLO for me was Graham Corporation (GHM)at a little over 38%. They're a small/micro cap manufacturer of heat exchangers and other hardware that's used in places like refineries.
Posted by Russell Krull | January 7, 2008 8:59 PM
hmmm, nice gains armin. pe 62. fpe43. market cap 65billion for seed company... .
hold maybe; buy?... i don't think so.
supreme court just upheld ruling against a farmer, including 300+thousand in damages for reusing seeds:sounds good for the company but i wouldnt doubt farmers would be looking for other ways to get their seeds.
Posted by d l | January 9, 2008 3:37 AM
Astuk,
DuPont has gone a long way toward "Re-Inventing" itself as an Agricultural Chemical & Research Company. It's a DOW stock.
It's Industry classification is AGRICULTURAL CHEMICALS.
They have a full Spectrum of Innovative Technologies - Medicine, etc.
They are "InterNational" - do business in CHINA ( newest is a new 'coatings' plant )
MonSanto is sort of a One-Note-Johnny -- Concentrated in one area of speciality and Europe & other places "BAN" genetically Engineered 'Cloned' Seed and grains for animals and people- they put MOUSE genes in soybeans & Spider genes in corn & such. It Ain't NATUR(e)AL and then they don't let farmers even use some of this year's crop for next year's seed to plant. Some people are calling this outfIT " My Satan-O " - they got BAD Press, so to speak.
I own LANDEC [ LNDC : OTC ] - a seed coating Company that works closely with Monsanto -- if you look at the record - Monsanto & Landec 'SWAPPED" assets, if you will - so each now specializes in what they can do best.
MON won't try a HOSTILE take-over of LNDC - but they'll get out the BIG BUCK GUNZZ if somebody tries to be MEAN to their Li'l Friend.
Check it - all in Black & white in Announcements & Press Releases.
LNDC , in my opinion has more UP-side & less Social, Political, or Legal Risk.
For a 'Safe-Haven' play -it's DuPont, for me.
My 4-letter word "FLYER" is LNDC.
ASTUK --- Colliers ---- who's the BEST play for Global COAL shipping.
I just GAVE U 2 - how's about U Gimme 1.
Fair's is Fair - all is Fair in love & War.
NOT so ?
Don Lee Ferk
fka VikingWarrior
fka - formerly known as
AKA - RoiRRawGnIkIV
(the MIRROR Image of the VikingWarrior's
alter EGO ---- Who LIKES RailRoads and Return On Investment [ ROI ] - ROI is KING ( in French. Not So ? )
Posted by don ferk | January 11, 2008 4:12 AM
Don Ferk,
Excel Maritime Carriers will be one of the many dry-bulk shippers transporting coal to quench the energy thirst. Maybe, DRYS too? All those drybulk carriers have one thing in common: Georgakis, Papatrifon, Agadakis...and other, are names of executives. Greeks know about shipping! For them the shipping is like reading tomorrow newspaper today!
Best
Armin
Posted by astuk | January 11, 2008 4:53 AM
Armin,
Thanx - or should I say - TANK[S][ers].
The Greek shipping Penenomenon , I believe, actually goes back to Ari Onassis - who bought up WWII liberty Ships & "TRAMP STEAMERS" in time to catch the Post-WWII InterNational Trade EXPlosion. He made a 'KILLING'.
TNP ( Tsakos NAV ) is also GREEHer owned & HQ'd in Greece - but 'Owners' are "American".
I just bought some DHT - Double Hull Tankers - they 'FIXED' the Dividend to a Constant QTRLY - 10~12% - that's better than Post Benny-on-the-Fritz-Ha-Ha JokerMan will PROvide to Side-Lined Cash Money Market Funds. Not So ?
Thanks again Mr. VERY Bright Idea Man.
PS - Do Bulk carriers need to be "RETRO-fitted to carry coal. Are there Channel Depth Re-strictions involved ? Are the fleets long-TERM leased or is there a SPOT-Market Kicker, too?
Don Lee Ferk ( NOW aka RoiRRawGnikIV - VikingWarrior spelled Back-wards- a Mirror Image Anagram, to Boot )
Posted by don ferk | January 12, 2008 12:34 AM