Effect of California Proposition 37 GM food labeling initiative passage or non passage
Has anyone seen any analysis on what the effect of passage or non passage of this initiative in a very large market segment would have on short to long term earnings?
I ask because Syngenta is listed as one of the big funders of the No on 37 campaign currently blanketing the formerly Golden State. I assume they view its potential passage as negative to their earnings. Would the market react negatively to passage on Nov 7( the day after the election?)
I am not interested in political views regarding whether one should vote for or against it. I would like to know what board members think regarding potential changes in share price or earnings short to long term.