....considering that there have been more than 90 pieces of proposed legislation to label GE ingredients in at least 26 different states across the U.S. over the last year, Umiastowski sees the trend leaning towards more GE labeling. He comments on the growing risk of owning Monsanto’s stock: Their reliance on selling genetically modified seeds is quite high, especially with over half of sales happening in the U.S. market. Consumer awareness over potential health issues is on the rise, as evidenced by the company’s actions in Europe. If this consumer behaviour [sic] grows around the world, Monsanto’s growth suffers, as does the share price. Personally, I’d rather own a business that is not only growing at a solid clip, but feels good to hold in my portfolio. For me, Monsanto doesn’t cut it."
Posted on: Fri, 16 Aug 2013 18:40:08 +0000
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