The company reported lower profits from a bad spring season, but higher revenue due to recent price hikes.
While Cramer was a little envious of Monsanto earlier this year as it moved from $77 to over $100, he is finding both comfort and opportunity in a different name.
DuPont (DD), which has also experienced a slight selloff due to weather related concerns, should be fine according to Cramer, citing the exceptionally strong customer demand for DuPont products. DD is a holding in his charitable trust, Action Alerts Plus.He also pointed out that DuPont isn't as weather-dependent as Monsanto and is a more diversified company. He added that the current price offers investors a solid entry into the stock. The company has spread its business across the board and is more than just a fuel and chemical company. It has been able to use the waste products from certain materials and make different, quality products out of them, such as tires. Cramer concluded that while Monsanto is a great company, he'll take DuPont for the dividend and modest growth, while not being held hostage to the spring weather patterns. -- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell
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