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Looking for bargains? Look down on the farm

If you’re thinking of bargain hunting as global stock markets reel under the impact of what is close to open war by the Gaddafi regime on the Libyan people—but would like a little near-term positive catalyst with those lower prices, might I suggest the farm sector....

Update Deere (DE)

Good times for the world’s farmers and for Deere (DE) will continue, Deere said in its fiscal first quarter 2011 earnings report released on February 16, before the New York stock markets opened. The company’s earnings reports get scrutinized as much for Deere’s...

Update Deere (DE)

Valuing a cyclical stock such as Deere (DE)—which reports fourth quarter fiscal 2010 earnings on Wednesday, November 24–is always difficult. You have to figure out where the company is in the revenue cycle from peak to trough and back again. And you have to...

Sell Deere (DE)

Sometimes the words are worse than the numbers. And that’s the case with Deere’s (DE) November 25 guidance for fiscal 2010, which began on November 1, 2009. The company said fiscal 2010 earnings would come in at $2.12 a share on a 1% decline in sales. First quarter...

Are you contrarian enough to own farm stocks?

So when’s the farm rebound? The U.S. Department of Agriculture can’t cut its forecasts of farm income fast enough. Farm income will drop 38% in 2009 from 2008 levels, the USDA said on August 27. The forecast of $54 billion would mark a seven-year low in farm income...

Update Deere (DE)

Deere’s (DE) third quarter earnings report on August 19 confirmed what the company forecast in its second quarter report: forget about 2009. In the quarter earnings per share fell by 25% to 99 cents from $1.32 in the third quarter of 2008. Revenue dropped 24% to $5.89...