Monsanto Could Supercharge Your Portfolio (MON)

Shares of St. Louis based agricultural products company Monsanto (MON) have been beaten down in 2010. Year-to-date, the shares have lost over 26%, but it appears that a change of sentiment has taken place over the last month with the stock surging 33%.



Monsanto is a great way to play the theme of higher agricultural commodity prices. The price of wheat has surged an incredible 88% since June 9th as fears about supply, as a result of a severe drought in Russia, have gripped the market. Earlier this month, corn futures staged a similar, albeit less dramatic, rally.



All of this is good news for Monsanto whose seeds, biotechnology trait products, and herbicides provide farmers with solutions to produce food for consumers and feed for animals. The shares trade at a trailing P/E ratio of around 33, a forward P/E of 19.96 and a PEG ratio of 1.89.

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Monsanto Could Supercharge Your Portfolio (MON) originally appeared on BloggingStocks on Sun, 08 Aug 2010 22:22:00 EST. Please see our terms for use of feeds.

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