The market has pretty thoroughly scrubbed out the excess enthusiasm that took S&W Seed Company (SANW) up from less than $5 in August of 2012 to over $11 earlier this year. Not only is S&W some ways away from become the "Monsanto (MON)/DuPont (DD) of alfalfa", but I suspect the rise and fall in the shares can also be tied to the idea of S&W as a stevia play.
S&W certainly disappointed the Street with its fiscal first quarter results, but I think it's worth noting that most of went wrong was outside of the company's control. More to the point, I think there's still a very valid story...
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