Monsanto (NYSE:MON) Receives Regulatory Approval for Roundup Ready 2 Yield Soybeans
Monsanto Company (NYSE:MON), a leading global agricultural company, recently announced that it received regulatory approvals for Roundup Ready 2 Yield soybeans in Mexico, Australia and New Zealand. Also, the European Food Safety Authority (EFSA) issued a favorable scientific conclusion stating that Roundup Ready 2 Yield soybeans are safe to import as food or feed.
Roundup Ready 2 Yield soybeans have also been approved in the U.S., Canada, Taiwan, Japan and the Philippines. Roundup Ready 2 Yield soybeans are the second generation of the well-known leading Roundup Ready technology in soybeans that provide greater production output.
Monsanto is involved in innovative biotechnology to produce greater food supplies, while simultaneously conserving more of the same. The 2005 acquisition of Seminis, Inc., a global leader in the vegetable and fruit seed industry, helped Monsanto become the world's leading producer of seeds. Monsanto recently acquired Semillas Cristiani Burkard (SCB), a private Guatemalan seed company. SCB is the leading corn seed company concentrated on hybrid corn production in Central America.
Monsanto reported third quarter ended May 31, 2008 net sales of $3.6 billion, up 26% from $2.85 billion in the third quarter ended May 31, 2007. Net income for the third quarter 2008 was $811 million, an increase of 42% from $571 million in the third quarter 2007. Net sales for the year ended August 31, 2007 were $8.6 billion, up 17% from $7.3 billion in the year ended August 31, 2006. Net income for the year ended August 31, 2007 was $933 million, an increase of 44% from $689 million for the year ended August 31, 2006.
Monsanto is one of the global leaders in an industry that is becoming more important and vital to every country in the world as each day passes. The global "food crisis" is real and solutions are needed quickly. The growth in the agricultural biotech business is gigantic and of colossal potential. Monsanto closed on July 28th at $114.51 down 21.5% from its fifty-two week high of $145.80. The Company seems to be selling at a discount to its present and future sales and earnings growth rates. It's rare to have the opportunity to invest in a company at these attractive prices with the proprietary proven technology along with the financial strength and leading innovative research and development of Monsanto. This is a stock whose seeds may return a very fruitful harvest to investors in the future.
References:
http://monsanto.mediaroom.com/index.php?s=43&item=622
Monsanto Receives Regulatory Approval for Roundup Ready 2 Yield Soybeans News Release
http://monsanto.mediaroom.com/index.php?s=43&item=620
Monsanto Completes Acquisition of Semillas Cristiani Burkard News Release
http://www.monsanto.com/investors/presentations.asp
Company Third Quarter 2008 Earnings Results
Company 2007 Annual Report
Monsanto Company (NYSE:MON), a leading global agricultural company, recently announced that it received regulatory approvals for Roundup Ready 2 Yield soybeans in Mexico, Australia and New Zealand. Also, the European Food Safety Authority (EFSA) issued a favorable scientific conclusion stating that Roundup Ready 2 Yield soybeans are safe to import as food or feed.
Roundup Ready 2 Yield soybeans have also been approved in the U.S., Canada, Taiwan, Japan and the Philippines. Roundup Ready 2 Yield soybeans are the second generation of the well-known leading Roundup Ready technology in soybeans that provide greater production output.
Monsanto is involved in innovative biotechnology to produce greater food supplies, while simultaneously conserving more of the same. The 2005 acquisition of Seminis, Inc., a global leader in the vegetable and fruit seed industry, helped Monsanto become the world's leading producer of seeds. Monsanto recently acquired Semillas Cristiani Burkard (SCB), a private Guatemalan seed company. SCB is the leading corn seed company concentrated on hybrid corn production in Central America.
Monsanto reported third quarter ended May 31, 2008 net sales of $3.6 billion, up 26% from $2.85 billion in the third quarter ended May 31, 2007. Net income for the third quarter 2008 was $811 million, an increase of 42% from $571 million in the third quarter 2007. Net sales for the year ended August 31, 2007 were $8.6 billion, up 17% from $7.3 billion in the year ended August 31, 2006. Net income for the year ended August 31, 2007 was $933 million, an increase of 44% from $689 million for the year ended August 31, 2006.
Monsanto is one of the global leaders in an industry that is becoming more important and vital to every country in the world as each day passes. The global "food crisis" is real and solutions are needed quickly. The growth in the agricultural biotech business is gigantic and of colossal potential. Monsanto closed on July 28th at $114.51 down 21.5% from its fifty-two week high of $145.80. The Company seems to be selling at a discount to its present and future sales and earnings growth rates. It's rare to have the opportunity to invest in a company at these attractive prices with the proprietary proven technology along with the financial strength and leading innovative research and development of Monsanto. This is a stock whose seeds may return a very fruitful harvest to investors in the future.
References:
http://monsanto.mediaroom.com/index.php?s=43&item=622
Monsanto Receives Regulatory Approval for Roundup Ready 2 Yield Soybeans News Release
http://monsanto.mediaroom.com/index.php?s=43&item=620
Monsanto Completes Acquisition of Semillas Cristiani Burkard News Release
http://www.monsanto.com/investors/presentations.asp
Company Third Quarter 2008 Earnings Results
Company 2007 Annual Report
Comments (1)
1. Cathleen
September 30, 2011, 05:56PM