Monsanto's poor performance, however, is an outlier in a sector that's been benefiting from rising corn and other agricultural commodity prices.
Different strokes for different folks
Seeing growing demand for fertilizer, for example, BHP Billiton
Yet it's been more than just macroeconomic tailwinds and M&A activity helping Monsanto's competitors. Exhibit A: rival Syngenta's
What it all means
Going forward, it will be interesting to see if Syngenta can hold on to or expand on these gains in seeds and in North America. Should that prove to be the case, then Syngenta is worth more than its current $57 stock price.
Although it will take a few more quarters to see if Syngenta is able to sustain these gains, the lesson for investors is that the old Wall Street adage "There's always a bull market somewhere" is true. If you see one company stumbling, think about who might be benefiting from those struggles. When you figure that out, odds are you'll find an outperformer.
- Oct 15, 2010 at 12:00AM
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