5 Reasons Monsanto(MONSATAN) Is Crashing And Burning
By Eric Blair
ActivistPost.com
OCTOBER 7, 2015
t’s hard to believe that the once almighty Monsanto is on its knees. But their dirty deeds seem to have finally caught up with them.
Monsanto shares have already dropped 27 percent this year and they just posted fourth quarter losses wider than estimates.
They also announced cost-saving measures to counter their plunge; deep cuts to their workforce and exiting the sugarcane business.
Bloomberg reports:
Monsanto Co. said it will eliminate 2,600 jobs as part of a cost-savings plan, joining a growing list of major corporations struggling to contain the damage from the decline in world commodities prices.
The St. Louis-based agricultural giant announced the reductions — the equivalent of 12 percent of its workforce — as it reported a loss of 19 cents a share in the fiscal fourth quarter and warned profit would remain weak through 2016.
Monsanto enjoys a near monopoly on corn and soybean in North America. They appear to have it all; they own the farmers, the industry, the politicians, and the regulators. And, yet, they’re crashing and burning.
Bloomberg cites slumping commodity prices for Monsanto’s decline. “Like DuPont Co. and Glencore Plc, Monsanto, the world’s largest seed maker, is taking steps to combat the effects of a commodity slump…”
However, here are 5 real reasons Monsanto is tanking:
The Rest…HERE
