Deere & Company: This Tractor Still Has Fuel In It
- Deere & Company's stock has surged 410.2% since 2015, outperforming the S&P 500's 169.4% increase, validating my previous 'buy' recommendation.
- Despite recent revenue and profit declines due to market weakness, Deere & Company remains fairly valued at worst and slightly undervalued if things go well.
- The company has demonstrated strong historical growth in revenue and profits, with significant contributions from its PPA, Construction and Forestry, and Financial Services segments.
- Management's strategic cash allocation includes substantial share buybacks and dividends, although rising net debt and leverage ratios warrant close monitoring.
Sjo
I don't know about you, but I find it both impressive and scary how fast time flies by. The last time I wrote an article about Deere & Company (NYSE:DE) was way back in May
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