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Replies to #98874 on Biotech Values
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DewDiligence

10/19/10 4:56 PM

#106611 RE: jbog #98874

MON’s CEO, Hugh Grant, bought another $1M of stock on the open market yesterday:

http://sec.gov/Archives/edgar/data/1083211/000111078310000097/xslF345X03/edgar.xml

This is in addition to the $2M worth of stock Grant bought on the open market in July, when the CFO, Carl Casale, also bought $1.5M worth (#msg-52326283).

Grant now owns 578,316 shares of MON with a market value of $33M. He hasn’t been a great CEO in terms of shareholder returns during the past couple of years, but he obviously believes the company’s prospects are bright and the stock is undervalued.