Given what we've heard recently from companies like Deere (DE), Caterpillar (CAT), Monsanto (MON), Eaton (ETN), and Joy Global (JOY),
it looks like it's better to serve the overall-wearing community
(farmers) as opposed to the hardhat-wearing community (construction and
mining). Deere delivered pretty strong performance from its ag business
once again, and though management is often conservative it looks like
2013 will be a solid year. That said, Deere is one of those well-loved
industrial stocks, so investors shouldn't turn a blind eye toward
valuation.
Please read more here:
Deere: Mayan Apocalypse Never Materialized, But Mind The Valuation
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