One company has been called the “most hated” in the world for a number of years. It was even declared “the most evil corporation of the year” in 2011 by NaturalNews.com — beating out BP (NYSE: BP), which had just spilled millions of gallons of oil into the Gulf of Mexico (and which I profiled just last week). #-ad_banner-#Even so, a couple of billionaires are less concerned with this company’s image than in its growth potential. Stephen Mandel’s Lone Pine Capital owns 5.8 million shares of Monsanto (NYSE: MON), and George Soros’ Soros Fund Management owns 1.2 million shares. Soros’… Read More
One company has been called the “most hated” in the world for a number of years. It was even declared “the most evil corporation of the year” in 2011 by NaturalNews.com — beating out BP (NYSE: BP), which had just spilled millions of gallons of oil into the Gulf of Mexico (and which I profiled just last week). #-ad_banner-#Even so, a couple of billionaires are less concerned with this company’s image than in its growth potential. Stephen Mandel’s Lone Pine Capital owns 5.8 million shares of Monsanto (NYSE: MON), and George Soros’ Soros Fund Management owns 1.2 million shares. Soros’ fund more than doubled its position during the fourth quarter of last year. And Lone Pine has been an owner of Monsanto for a few years now, continuing to own the stock despite the rise of negative publicity. Image Problems Monsanto has been something of an industry scapegoat over the past couple of years, while other seed companies, such as DuPont (NYSE: DD) and Bayer, have gone relatively unnoticed. It has been painted in a negative light by protesters, environmental activists and documentaries. A vow by Chipotle (NYSE: CMG) to drop all GMO (genetically modified organism) products hasn’t helped,… Read More