DE - Deere & Company (NYSE)

Deere & Company manufactures and distributes products and services for agriculture and forestry worldwide. The company operates through four segments: Agricultural Equipment, Commercial and Consumer Equipment, Construction and Forestry, and Credit. The Agricultural Equipment segment offers a line of farm equipment and related service parts, including tractors; combine, cotton, and sugarcane harvesters; tillage, seeding, and soil preparation machinery; sprayers; hay and forage equipment; integrated agricultural management systems technology; and precision agricultural irrigation equipment. The Commercial and Consumer Equipment segment provides equipment, products, and service parts for commercial and residential uses, such as tractors for lawn, garden, commercial, and utility purposes; mowing equipment, including walk-behind mowers; golf course equipment; utility vehicles; landscape and nursery products; irrigation equipment; and other outdoor power products. The Construction and Forestry segment offers a range of machines and service parts used in construction, earthmoving, material handling, and timber harvesting, including backhoe loaders; crawler dozers and loaders; four-wheel-drive loaders; excavators; motor graders; articulated dump trucks; landscape loaders; skid-steer loaders; and log skidders, feller bunchers, log loaders, log forwarders, log harvesters, and related attachments. Its products and services are marketed primarily through independent retail dealer networks and retail outlets. The Credit segment primarily finances sales and leases by dealers of new and used agricultural, commercial and consumer, and construction and forestry equipment. It also provides wholesale financing to dealers of the foregoing equipment, provides operating loans, finances retail revolving charge accounts, offers certain crop risk mitigation products, and invests in wind energy generation. Deere & Company was founded in 1837 and is based in Moline, Illinois.

add
BUCY Bucyrus Intl Inc New (NASDAQ GS)

52 week high on way to $150

tearing it up announced 2-1 split last week

close over $140 would be sweet

$150 it is

nice chart
[IMG][/IMG]

great quarter

Deere net surges on ag sales
Wednesday November 21, 8:34 am ET


CHICAGO (Reuters) - Deere & Co. (NYSEE - News) reported better-than-expected earnings on Wednesday, and provided an upbeat outlook for the coming year, as strong sales to farmers worldwide offset a downturn in construction sales, especially in the United States.
ADVERTISEMENT


The company, the world's largest maker of agricultural machinery, said it earned $422.1 million, or $1.88 a share, in the fourth quarter, compared with $277.3 million, or $1.20 a share, last year. Net revenue rose 20 percent to $6.14 billion.

Analysts on average expected the Moline, Illinois-based company, which also makes earth-moving and forestry equipment, to report earnings of $1.54 a share on sales of $5.23 billion, according to Reuters Estimates.

Deere said sales in its agricultural and commercial and consumer divisions both jumped 35 percent during the quarter, while sales to the construction and forestry industries fell 11 percent.

The company said it expects first-quarter equipment sales to rise about 25 percent. It forecast that full-year 2008 profit would rise to $2.1 billion -- up more than 15 percent from the $1.8 billion it reported this year. It said the improved results would be a function of what it characterized as "a substantial jump" in farm cash receipts.

Farmers around the globe are enjoying high prices for many of their crops thanks, in part, to the surge in interest in biofuels. As their incomes have risen, they have rushed to buy newer, more powerful tractors and combines, lifting the earnings of Deere as well as rivals Agco Corp (NYSE:AG - News) and CNH Global NV (NYSE:CNH - News).

Deere said it benefited from the weakness of the U.S. dollar, adding 9 percentage points to sales outside the United States and Canada for the quarter and 7 points for the year.

The company's financial services unit reported net income of $96.9 million for the quarter, up from $87.5 million last year. However, Deere said the unit's full-year results were held back by "a higher provision for credit losses" - an echo of the wider credit crunch roiling world markets in an otherwise upbeat report.

(Reporting by James B. Kelleher

if mkt was good...it'll be up $10 at least

6+ aint bad

8+

52 week high