Skip to main content

Monsanto update



For those of us who've been following Monsanto, this will come as a news item of interest. Bridgewater Associates, the largest hedge fund in the world, has just dumped its Monsanto shares--all $17.5 million of it.

And for those of you who followed my Tweets, there was one Tweet I wrote in 2011 in which I predicted the end of Monsanto would happen in November 2013. Go dig that up, folks!

Here's more below from the Motley Fool (oddly, I read websites that give advice on stocks and shares. I've been subscribed to the Motley Fool, off and on, for about 15 years now. Oddly, since I don't hold any stocks or shares.)
___________________________________________________
This excerpt taken from the Motley Fool, a website that gives advice on investing.

Bridgewater Associates is the largest hedge fund in the world when it comes to assets under management. Founded by Ray Dalio in 1975, the fund's status as world's largest tells us two things: First, it has done enough to win the confidence of money managers. Second, any trades made by this behemoth are likely to move a given stock's price.
Over the course of the third quarter of this year, the fund sold or reduced positions in 234 stocks while adding only 87 different companies' shares to their portfolio. Of all those trades, three stood out as worthy of attention.

Monsanto (NYSE: MON  )

Source: Chrishonduras, via Wikimedia Commons.
Unlike Disney and Sysco, Bridgewater decided to part with all of its Monsanto shares -- worth somewhere in the ballpark of $17.5 million. The company -- a major agribusiness player that markets both pesticides as well as genetically modified seeds to farmers -- certainly hasn't been a public favorite, but that's not likely why Bridgewater parted ways.
Though it holds a 27% share of the global seed market and a 10% share of the global agrochemical market, Monsanto shareholders haven't had too much to cheer about lately. The stock is underperforming the broader market by about 10 percentage points in 2013 -- pushed lower by disappointing earnings in early October and flat sales.
The chance for lower sales of corn seeds because of a bumper crop this year, as well as some weeds and bugs developing resistance to Monsanto's Roundup-Ready products, may have also played a role in Bridgewater's decision to say goodbye to the stock.

http://www.fool.com/investing/general/2013/11/25/what-the-worlds-largest-hedge-fund-is-buying-and-s.aspx
________________________________________________

Comments

Post a Comment

Popular posts from this blog

Milk and rice

Sushma Joshi I am the youngest of seven cousins. When we were little, we used to play lukamari , or hide-and-seek, games in the garden. My eldest cousin sister, taking pity on me, would allow me to be a dudh-bhat (milk and rice) during our games. A dudh-bhat is someone too young to play the game adequately, but the older children allow this young one to tag along and never be “outed” from the game because they might cry if made to leave. So this means you are endlessly in the game, even when in reality you should really be out. Of course, being the youngest means you may always retain the status of a dudh-bhat even when you do grow up. In Nepal, as we know all too well, the hierarchy of age allows the young some privileges, along with the old. It appears to me Madhav Kumar, even though he's lost the game twice in two elections, is being allowed to be the dudh-bhat by his wiser and more tolerant elders. He is allowed to be in the game endlessly even though in reality he should real...
2 comments
Read more

The Bitter Truth: Talat Abbasi's Bitter Gourds

The stories are small, but with a spicy aftertaste that could be from nowhere else but the subcontinent. Talat Abbasi's Bitter Gourd and Other Stories is a collection of nugget sized, delectable tales laid out, in typical desi fashion, amongst the detritus of social stratification, family ennui, economic marginalization and diaspora. Gently dousing her stories with a generous portion of irony and satire, the Karachi born writer brings to the fore the small hypocrisies and the mundane corruptions of everyday life in Pakistan. Whether dealing with a birdman or a poor relation, a rich widow or an immigrant mother, Ms. Abbasi touches the mythic heart that ticks besides all these caricatures. The ghostly narrative influence of Virginia Woolf, with a pinch of Victorian lit thrown in for good measure, is discernable, although most of the voices are centered around the "how kind, how kind" echoes of South Asia. The book starts, appropriately, with a story about a feudal patro...
Post a Comment
Read more

Navaratri and Navagraha

The Annapurna Post asked me to contribute an article this Dashain. And since it was a day or so away from Navami, I decided to write this article.                                                                            *** Navaratri is dedicated to nine forms of Goddess Durga, consort of Lord Shiva. She appears in different forms: as Shailaputri or daughter of the Himalayas on the first day of  ghatasthapana ; as virginal Brahmacharini on the second day; as Chandraghanta, wearing a crown made of the moon in the shape of a bell on her head on the third; as Kusmanda, the one who embodies the universe, on the fourth; as Skandamata, mother of Kartikya who slays demon Tarkasur, on the fifth day; as Katyayani, who slays the demon Mahisasur, on the sixth; as Kaalratri, who reminds us of the ine...
1 comment
Read more