Biotech Values

[DewDiligence]

MON disclosed SmartStax underperformance in its most recent PR nine days ago, but most investors didn’t realize it because the obfuscating language MON uses in its PR’s requires careful reading to detect the importance of what is being said.

Here’s the passage in question (from http://finance.yahoo.com/news/Monsanto-Initiates-Regular-prnews-1505799615.html?x=0&.v=1 , emphasis added):

To date, with less than 10 percent of the total expected Genuity SmartStax harvest completed, early indicators suggest some hybrids are delivering yields on par with YieldGard VT Triple, the industry's leading triple corn technology, while others have shown yield variability below this YieldGard VT Triple technology.

Some day, MON will realize that it does its shareholders no good by playing these kinds of games. Perhaps it’s time for a regime change.