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Top Bears Reasons To Sell — Vote below!

100%
agree
 Rising costs of commodities
0%
agree
 Good luck outside of the US
0%
agree
 Dependent on the corn and ethanol boom

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Company: Deere & Company (DE)
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100%
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1 votes

edit Rising costs of commodities

Top Contributor: Bret Holmes | Created when DE was $83.61 | Edit | History

Deere & Co. (DE), the world’s biggest maker of farm machinery, said yesterday (Wednesday) that its second-quarter profit rose 22%, mostly due to a jump in overseas sales. However, the company warned that rising costs of raw materials could cut into its earnings in the months ahead, the Associated Press reported. Profit for the period ended April 30 reached $763.5 million, or $1.74 per share, up from $623.6 million, or $1.36 per share, last year.

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edit Good luck outside of the US

Top Contributor: Shawn Woodhull | Created when DE was $61.40 | Edit | History

Deere will struggle to grow successfully outside of North America due to large competitors such as AGCO (AG) and CNH Global N.V. (CNH).

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edit Dependent on the corn and ethanol boom

Top Contributor: Shawn Woodhull | Created when DE was $61.40 | Edit | History

Breakthroughs in renewable energy forms other than biofuels would hurt the agriculture industry and in turn dampen Deere's sales.

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