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?
For those concerned about the water levels... good news. After a slow start, the last 11 days have been gangbusters:
Cantareira Reservoir went from 6.7% to 7.2% filled; Alto Tiete 10.3% to 12.2%; Guarapiranga 35.7% to 40.6%; Alto Cotia 30.0% to 31.5%; Rio Grande 64.7% to 72.1% and Rio Claro went from 26.8% to 33.0%. First date is Dec 20, 2014 with the last being Dec 31, 2014
Don't your guys get the fact that customers are having rates discounted in return for saving water. That is about as idiotic a business model can get for a metered business case. Solution: just add water. The rainfall rate for December in SE Brazil was near normal to slightly above normal at their reservoir sites, and reservoirs rose for the first time in 8 months. We need that and then some the next three months will tell the story. It's an 'El Nino' year, which means the drought should be broken this year... same affect as we are seeing in California.
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
Seems so: http://latino.foxnews.com/latino/news/2014/12/24/water-level-in-sao-paulo-largest-reservoir-rises-for-1st-time-in-8-mo/
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.
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.
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.
I believe many of us thought the stock buy-back was either a total sham or mostly talk and little actual buy-back in an attempt to get the stock price up. Yes, now that they need to get more debt to float this deal ... and the price of stock is over book... it doesn't take a genius to know the stock buy-back... or at least the idea in theory isn't on the front burner.
Price bounce-back just takes the price above book. There is still plenty of risk in the Stevia roll-out and the price was ridiculously depressed. Long-term... the stock is still beaten down.
Are you kidding? They just outsourced their R&D to capture a captive supplier on terms supportive and favorable to their objectives. Who do you suppose lowered their risk profile? It's a win-win, and this packaged deal improves visibility and predictability into S&W's alfalfa seed biz to 2024. Guess what the term of the load might be?
It's pretty obvious this is a packaged deal. Based on the agreements made, they should be able to swing the loan based on having a guaranteed market/outlet through Dupont/Pioneer Seeds. It is functionally somewhat like a JV on the alfalfa side. Looks like they are positioning themselves for the Stevia market they expect to take off.