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Originally Posted by Buehler445
Weirdly Deere is up big lately. I'm no big investor or anything, but I buy a share every time I make a machinery payment. I've looked at the headlines for the company, and I haven't the first ****ing clue why this stock has risen lately. Farm incomes are down substantially compared to the prior 3 or so. Commodity prices are down indiciating another one. Tariffs are up. Their gross revenue was down 30% in Q1 YOY and their gross margin was down too. EPS were half of PY
I think they resolved their union problems, and they have some market leading tech that is hitting the market (no clue on adoption - I ain't buying that noise). Other than that the only good news I saw was they increased their dividend and their board submitted From 4s that they were all buying stock. (Maybe that's a stock option? IDK).
I didn't find any of the guidance but it must have been a humdinger for the stock to rise that much after a pretty crappy quarter and a dividend increase. .
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They started big time cost containment 18 months ago and inventory controls. Their non ag business is stout...forestry and construction Industrial stuff. And the JD Finance is doing well. Plus they now administer a ton of stuff for other companies/businesses like incentive/finance programs for seed, chem, fert outfits All that plus they are the market leader by a huge margin.