Thursday, January 24, 2008

Monsanto Director Grows Stake (MON)

Directors buying doesn't mean quite as much as CFO's but this did catch my eye.
From Barron's:

WITH MONSANTO IN A ROUGH PATCH, director William Parfet has made the largest insider stock purchase at the agricultural-products company in five years.

Parfet, a Monsanto director since 2000, bought $1 million in stock last Thursday. He acquired 10,300 shares at $99.94 each, according to a filing with the Securities and Exchange Commission on Tuesday. Including exercisable options, Parfet now holds approximately 296,000 shares, far less than 1% of Monsanto's outstanding stock.

A Monsanto spokesman did not return a message ...