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.
5 PM (22) Feb 24 68 (20) 60 (16) SE 8 thunder in the vicinity
4 PM (21) Feb 24 68 (20) 60 (16) S 8 light rain; rain during the past hour
3 PM (20) Feb 24 66 (19) 60 (16) 30.09 (1019) SSW 10 rain; thunder in the vicinity
2 PM (19) Feb 24 69 (21) 62 (17) 30.06 (1018) SSE 16 light rain; thunder in the vicinity
1 PM (18) Feb 24 71 (22) 57 (14) 30.06 (1018) ESE 20 heavy rain with thunder
100% chance of Thunderstorms the next 5 days for Sao Paolo, and yes, they already are reporting thunderstorms at their airport within the last few hours.
PM, if you go the SANW company site and start reading some of the trade journals, one quickly discovers there is indeed consolidation going on in the alfalfa seed business. The GMO seed area does represent risk, because there do not seem to be standards and regulations governing the 'escape' of GMO material from the seed beds meant for that purpose to other plantings. Of course, if one sells land holdings and contracts out for the purpose of growing those seeds then the liability or responsibility for that isolation falls where? Maybe part of why they sold their land holdings? Regardless, they seem to have thrown in with Dupont/Pioneer for the time being. Can you see Dupont/Pioneer acquiring S&W in a few years if goals are met?
Copper, do the math. How much can OPEC control oil shipments coming out of Libya, Iraq and Iran... not to mention countries strapped for exchange like Venezuela? If you are the Saudis do you give up market share or but the screws to these inefficient producers... and firm up your market share by driving prices temporarily through the floor? They have done it before... We know it can't/won't last, but neither will the Obama administration. Just need somebody competent to manage things. We don't have it.
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.
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.
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.
You might be smelling your own BO from sweating this stock out. For a real bargain bio-stock that is beginning to take off look no further than OPK.
King Salman, his successor, is supposed to suffer from Alzheimers and dementia. His role as family moderator suggests tension in the royal family.
Okay, they posted today. Holy cow! Revenues dropped from 1607 to 1200 and change. Anyone know if New Jersey went off-line for a long period of time? Did the place just totally shut down? Are all problems fixed?
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.
Ari, It seems the horse is out of the barn. Another 'change we can believe in' triumph no doubt:
Obama signs 'Monsanto Protection Act' written by Monsanto-sponsored senator
Published time: March 28, 2013 19:04
Edited time: March 30, 2013 04:11
United States President Barack Obama has signed a bill into law that was written in part by the very billion-dollar corporation that will benefit directly from the legislation.
On Tuesday, Pres. Obama inked his name to H.R. 933, a continuing resolution spending bill approved in Congress days earlier. Buried 78 pages within the bill exists a provision that grossly protects biotech corporations such as the Missouri-based Monsanto Company from litigation.
With the president’s signature, agriculture giants that deal with genetically modified organisms (GMOs) and genetically engineered (GE) seeds are given the go-ahead to continue to plant and sell man-made crops, even as questions remain largely unanswered about the health risks these types of products pose to consumers.
In light of approval from the House and Senate, more than 250,000 people signed a petition asking the president to veto the spending bill over the biotech rider tacked on, an item that has since been widely referred to as the “Monsanto Protection Act.”
“But Obama ignored [the petition],” IB Times’ Connor Sheets writes, “instead choosing to sign a bill that effectively bars federal courts from being able to halt the sale or planting of GMO or GE crops and seeds, no matter what health consequences from the consumption of these products may come to light in the future.”
I'm not a red flagger, but they paid $3.60 for the shares when the market price was over $4 and so is/was the book value of the stock. Put politely, #$%$ over? I hope for a clear explanation at the 8 Jan news conference and no BS.
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.
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?