iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
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Shares of $MON Explode Higher on Takeover Rumors

This stock is going seed fucking crazy in the pre-market, now up 16%.

It started off with a whisper that BASF would bid for the company. Traders woke up to that, scratched their balls, and bid MON higher by 6%. Then an hour later, Bloomberg broke a story, likely leaked by some fuckhead attorney, that Bayer would bid $40 billion for the ornery seed giant–sending shares through the fucking roof.

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If House DuPont could merge, so can the birds at Monsanto. My best guess, this deal gets done at higher prices.

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One comment

  1. btn

    Monsanto is a stock waiting for a Black Swan. They are bascailly a monopoly. If BASF buys them, this will make them more so. Unlike Health Care or Wall Street, I don’t think they have a friend in Hillary or Trump.

    I suggest any potential longs read:

    “Executive Order — Steps to Increase Competition and Better Inform Consumers and Workers to Support Continued Growth of the American Economy” White House, April 15, 2016

    “Section 1. Policy. Maintaining, encouraging, and supporting a fair, efficient, and competitive marketplace is a cornerstone of the American economy. Consumers and workers need both competitive markets and information to make informed choices….
    The Department of Justice (DOJ) and the Federal Trade Commission (FTC) have a proven record of detecting and stopping anticompetitive conduct and challenging mergers and acquisitions that threaten to consolidate markets and reduce competition….
    Such Government-wide action is essential to ensuring that consumers, workers, startups, small businesses, and ***farms*** reap the full benefits of competitive markets.”

    My suggestion: wait for the deal to be announced, short MON, and watch Monsanto choke when the deal gets busted.

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