NEW YORK ( TheStreet) -- I recently wondered if Monsanto (MON - Get Report) can hold its momentum. My inbox was immediately filled with a barrage of righteous anger from people proclaiming this company is evil.I get that there are constant battles involving the company, which produces seeds and other agricultural products, and how these products impact upon farmers. In fact, this is one of the most popular bear arguments on the market today. But it's getting old. Readers also raise concerns about fundamental ideals as to whether or not Monsanto is "good for nature." It goes on and on.
For example, while the 13% growth is indeed impressive, Monsanto is coming off an excellent first quarter, during which revenue shot up almost 21%. The company then beat Street estimates by 10%. So, despite the strong second-quarter showing, Monsanto actually answered the question regarding momentum. Perhaps it is slowing. I also raised the concern regarding the company's performance in soybeans, which declined 5% in the first quarter. Unfortunately, there wasn't much improvement this time around as soybeans dropped again, this time by almost 2%. What's more, the declines in cotton seed and traits accelerated 9%. In other words, although management posted strong top-line results, there are still some weaknesses that need to be addressed.