Re: Financial ? about Ag. cos.

Posted by mike on January 12, 2004 at 09:24:08 from (66.170.4.122):

In Reply to: Financial ? about Ag. cos. posted by Clint on January 11, 2004 at 19:06:01:

Well, I am a stockbroker with over 10 years experience, so I know something about this.

IMHO, none of the AG companies are buys right now. Deere is the best run of the three, but NOT at a buy right now. I like CNH, but the fact that is 80% owned by FIAT is a negative to me. Those huge international conglomerates never seem to work out very well. How can those guys in Turin know what the farmer in Iowa wants or needs? How can they possibly run this effectively? Odds are that they can't.

Would never buy Agco. They are a collection of widows and orphans and don't have much going for them. Apart from Massey, when was the last time you saw a new Agco tractor going down the road? The sales just aren't really there. At least not here in the upper Midwest.

However, you forgot to add CAT to the list of choices. Also not a buy, but is on the watch list.

Not trying to sell myself, just commenting on the issue. Actually have been buying oil/energy stocks and big drug stocks here as well as good companies like WAG, and GE.

Just my 2 cents.

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