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On Monsanto's Strong Earnings, Rich Valuation and Raised Guidance

Posted on June 25, 2008

Monsanto (MON) reported very good results,although a bit light on the revenue line - expectations are sohigh for this name and at 40x forward estimates it's a quite richvaluation. Fortunately to offset the light top line number, they raisedearnings guidance for the year which is helping to support the name toa degree in pre-market. For stocks priced to perfection you need to hiton all cylinders, and a perceived revenue miss would have dropped thestock a bit more, but the raised guidance will help offset any majorlong term worries.Monsanto reported record net sales of $3.6 billion for the thi...

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earnings , eps , pre market