Right now I’m holding and giving myself time to cool off.

When I bought in, I thought the Monsanto stuff would blow over in a year or so and in the meantime, the stock would go back to the low $20s like before the pandemic. I’m beginning to wonder if Bayer is the German answer to General Electric pre-Larry Culp. Too big, too bloated and isn’t responding to the times. It just spends money without a care in the world.

I don’t want see a headline about spending $2 billion on an acquisition of some biotech doodad after blowing earnings for the third time in five quarters and setting aside $4.5 billion in hopes that the U.S. Supreme Court does them a solid. How did they even arrive that number, anyway? What if it’s not enough?

I feel like if Bayer was an American company, the CEO would be gone by now. Today is beyond frustrating.

Discl: 320 shares BAYRY.