Yet More Evidence Against the DOJ’s Antitrust Plantings
A couple weeks ago, Geoff wrote concerning the DOJ’s misguided antitrust interest in Monsanto. With that in mind, I was very interested to see today’s announcement that Monsanto’s earnings and gross margins are significantly off for its fiscal first quarter. According to the Wall Street Journal report, Monsanto posted a loss for the quarter due to a 36% drop in sales and lower margins resulting from price decreases. Leading the drop, sales of the company’s Roundup and other herbicide products tumbled 63%!