Monument Circle Acquisition Corp (MON)

[DewDiligence]

Hugh Grant’s “in some configuration” qualifier makes his assertion about refuge compliance all but meaningless, IMO. If one interprets the statement literally, the only firm conclusion is that 3% of surveyed growers do not plant any insect refuse whatsoever.

I think SmartStax RIB and VT DoublePro RIB will be consequential products in MON’s corn portfolio, and approval of these products in time for a 2012 US launch ought to significantly boost investors’ acceptance of MON’s mid-teens EPS-growth projections. The corollary is that a delay in these RIB approvals that pushed their launch to 2013 or beyond would be a major impediment to appreciation of the share price.