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05.28.2009 2:50 pm
Monsanto is mentioned as a possible Dow stock
David Nicklaus
St. Louis Post-Dispatch

The Dow Jones Industrial Average is due for a shakeup soon. The Associated Press reports that General Motors will get kicked out of the venerable index if it files for bankruptcy, as it’s expected to do within the next few days.

Furthermore, St. Louis’ own Monsanto is on a short list of companies that analysts think might replace GM in the Dow. The AP reports:

In a research note last month, Nicholas Colas, chief market strategist for BNY ConvergEx Group, laid out seven possible replacements for GM: bankers Goldman Sachs Group Inc. and Wells Fargo & Co.; high-tech firms Cisco Systems Inc., Apple Inc., Google Inc. and Oracle Corp.; and agricultural products maker Monsanto Co.

Monsanto has been mentioned before as a possible Dow component. Its market capitalization, at $43 billion, is larger than nine of the 30 Dow stocks, including Citigroup and Boeing.


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URL to article: http://www.stltoday.com/blogzone/mound-city-money/st-louis-companies/2009/05/monsanto-is-mentioned-as-a-possible-dow-stock/

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