Almost 90% of Edenred's volume is generated in France, Italy, and Brazil. This concentration exposes the company to meaningful risk if tax laws are changed in any of these countries.Edenred notes that it had to instigate the legal framework necessary for its programs in 27 countries. The need to
Scotts benefits from higher demand in the consumer lawn and garden categories.
Home Depot, Lowe's, and Wal-Mart collectively account for over 50% of Scotts' total revenue. The loss of these customers or reduction in orders will adversely affect revenues.Weather conditions can have dramatic effects on Scotts' sales. Wet weather can keep gardeners indoors, and drought
We grossly underestimated Terra Industries' TRA tenacity when we assumed that the outcome of Friday's shareholder meeting would bring the firm to its knees. Terra picked itself up off the mat over the weekend, once again rejecting CF Industries' CF bid, and it expanded the size of its board of ...
We grossly underestimated Terra Industries' TRA tenacity when we assumed that the outcome of Friday's shareholder meeting would bring the firm to its knees. Terra picked itself up off the mat over the weekend, once again rejecting CF Industries' CF bid, and it expanded the size of its board of
We attended Monsanto's MON biennial investor event in Cary, N.C., from Nov. 10-11. We believe that a wholesale mix shift within the seeds portfolio--driven by the introduction of two game-changing products (SmartStax in corn and Roundup Ready 2 Yield soybeans)--is going to be the primary driver of
Weak crop prices of excess fertilizer supply could drive SOP prices lower, hurting the profitability of Compass' specialty fertilizer segment.Compass' business model depends on cold, snowy, icy winters. If the company experienced several mild winters in a row, it could lose its financial
Syngenta's SYT third-quarter sales held up fairly well against a backdrop of cautious buying behavior in the agricultural input market and lower pest pressure in the Northern Hemisphere. Sales for the period were down just 3% after adjusting for currency effects and the collapse in glyphosate ...
Mosaic MOS announced that it will pay a special dividend of $1.30 per share on Dec. 3 to stockholders of record as of Nov. 12. The company intends to fund the dividend with cash on hand, with the total outlay of $580 million representing about 22% of Mosaic's cash position of $2.6 billion at Aug.
Potash Corp. POT continued to wait for a rebound in fertilizer markets in the third quarter. We continue to believe that the tide will turn early next year as farmers prepare for spring planting. In the interim, we think that there is further downside price risk in the potash market. Third quarter