tagged w/ For Rachel Carson
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Shares of Monsanto Co. continued to slide early Thursday, then perked up a bit, after the company reported Wednesday that its fiscal 2009 earnings would be at the lower end of guidance because price cuts by Chinese competitors and cooler, wetter weather in the U.S. have led to lower sales of its Roundup glyphosate herbicide.
Monsanto shares were trading below $79 a share earlier Thursday morning, but later inched closer to Wednesday’s market close of $79.88 a share. Monsanto closed Tuesday at $84.78 a share.
“We believe that Monsanto shares will probably tread water,” Jeffrey Zekauskas, a J.P. Morgan analyst, wrote in a note to investors Thursday morning.
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LOL, oh yes, colder wetter weather is stopping use of Round Up as well as "competitors"... I think it is also more likely that more people are finally becoming wise to the POISON they are selling. Something to celebrate. Hopefully it will keep treading water and then drown. ANY company selling this poison needs to be held accountable for it. Profit sheets are a good way to do it. Keep it going.Shares of Monsanto Co. continued to slide early Thursday, then perked up a bit, after... more
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