Seeking Alpha: Cautious Optimism Seems To Suit Deere

When last I wrote about Deere (DE), I worried that aggressive growth assumptions might be setting investors up for a correction. Since then, the stock has dropped about 10% - helped, I'm sure, by the growing worries about seemingly every economic region outside of North America.

I still have my worries about whether North American farm demand is peaking and whether emerging markets like Brazil, Russia, India, and China can take up the slack. Although these shares are looking increasingly attractive from a cash flow perspective, sentiment and fears of further economic sluggishness are risk factors well worth considering.

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Cautious Optimism Seems To Suit Deere