Biotech Values

[Biowatch]

"It is impossible for us to dollarize the increment to gross profit from each and all of the above"

Is that a word?

Also, "raising the intensity of corn-seed/acre by 2%-3% per year"

There's a limit there, if only for the need for space to allow fertilizers and sunshine.

"Excitingly, moreover, in a couple of years Monsanto expects..."

"sell-side report..."

Aren't these words red flags in your book?

I know you liked MON around $70, but with a target of $65, have you changed your mind?