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News Watch
- 5/31/2009 8:48:58 PM
By Chip Brian, SmarTrend Analytics Team
In a Barron's article titled "Non Need To Harvest Monsanto," writer Jay Palmer wrote early last week Monsanto (NYSE:MON) dropped $10 on a guidance cut, and warned it would post full year EPS at low end of its forecast. And at Friday's close Monsanto (NYSE:MON) was trading at 82, putting price-earnings multiple of 18.7. Palmer said this was an over reaction to unfavorable news, setting the stock up for a buying opportunity.
Contact Chip Brian
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