It does take a certain competence to decide whether to intervene or sit it out. This administration doesn't have it. It knows it, and so it does nothing. the opportunities to intervene are indeed increasing because of this incompetence and not in spite of it. Politics aside. Obama heads the most incompetent administration top to bottom in the history of the country.
Were the traces collected in concentrations to have an effect on biological processes? Shrimp are naturally loaded with arsenic, oysters and clams have heavy metals, and asparagus has huge amounts of uric acid in it. I believe the real contamination issue is mercury. I don't see a lot being done about that clear and present problem.
The game is up. Both the lenders talking loan terms and Dupont-Pioneer will ensure for their own self-interests that any management or management buffoonery be reduced or eliminated. It is fundamentally a different company, and will have to play at a higher level ... to play with the big boys. I see this deal as a good thing on several levels.
No worries. The dickheaded administration is now under at least adolescent supervision as of the New Year. Cap and Trade and rest of the happy horse$hit is dead. The idiot in chief will be on the golf course if he has any sense left. Just ink the pipeline deal before retiring on the job....
Guess it depends on what the terms are. The agreements in place make this more of a play on how lenders view Dupont-Pioneer's business prospects for alfalfa seeds rather than S&W's, since the product is going to be sold through those channels. An assured market and brand name product, definitely lowers risk of lending. I doubt Pioneer DuPont would've cut this deal if their accountants and lawyers didn't think it could get off the ground.
Salt. I agree Roche likes to do take-outs on the cheap. Recall the saga of them trying to buy ILMN for under $50/share not terribly long ago. I also note they don't do a deal until all the risk is taken out of the value proposition. My gut tells me if an offer is coming, it will be coincident or shortly following an important milestone announcement.
Whatever it's history, the merger with Dupont Pioneer ensures it is a different company, on a different trajectory and with some value to a Fortune 500 company (Dupont), as a viable way to execute Pioneer's strategy of moving their seed business in alfalfa into overseas growth markets.
Can anyone explain selling 1.3 M shares at less than book value? Besides dilution, it also knocks down the value of the stock. Seems stupid to me.
I can see Monsanto dropping all this money, but not a seed company. Why should a seed company care what type of premium seed the customer buys, just as long as he has the best seed and the rules on what is allowed to be planted is the same for all vendors? Seems like a problem for Monsanto.
One more thing... Apparently, the GMO gene isn't hardy in the wild:
"In a natural environment, the RR gene in alfalfa doesn’t give it any survival advantage. In fact, early yield trials show that alfalfas with the RR gene are poor performers."
In a Darwinian sense it is destined to die out over time.
Seems some of their operational loss was tied to reclaiming operations where hay, triticale and other crops were grown at a $270K loss, loss on crops sown but not harvested before the land was sold and every dog and cat write-down on the M&A activity they could squeeze in. They obviously are ramping up their higher value product (like GMO seeds) and indicate we are to look forward to next quarter (3rd) for positive results.
Was Grewal the whistleblower, so that is why he got the deal? They always want the top dog. I get that... but they usually try and get the guy with least culpability and the most information as the guy with the deal. Sounds like he might have been their 'Deep Throat'. Info doesn't cover it.
Okay, their turns on receivables are longer this year. Goes to my earlier point on whether the stock buy-back is real or not. If stock is accumulating in the treasury at a decent clip, then cash flow wouldn't seem to be a problem, and this snap-shot of the balance sheet just caught the turns at a bad time. How active is this company at buying back shares? That would answer a lot of questions.
Yes, there is a definite negative effect of applying glyphyosate as an herbicide... rise of glyphosate-resistant weeds is a likely result. As for the rest, U of Iowa has some words on the topic: http://home.eng.iastate.edu/~tge/ce421-521/daniels.pdf
Ram - Saudis relent when Iran signals it will agree to a nuke deal. Saudis aren't set to do this long term. They need about $80/bbl to get by without dipping into cash reserves. The company is doing what they said they would do... buy assets at advantageous prices. Anyone know if they have been buying back shares?