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DewDiligence

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DewDiligence

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Re: jbog post# 14172

Sunday, 02/19/2017 7:39:48 PM

Sunday, February 19, 2017 7:39:48 PM

Post# of 29304
DE calls a bottom—now says FY2017* sales will increase 4% YoY (+3% YoY in ag division):

http://finance.yahoo.com/news/deere-announces-first-quarter-earnings-114500120.html

DE does not give explicit EPS guidance, but its new FY2017 net-income guidance of $1.5B (versus the old guidance of $1.4B given three months ago) equates to GAAP EPS of $4.70-4.75.

At the current share price, DE’s forward P/E (based on the FY2017 guidance above) is an astonishing 23x.

*Fiscal year ending 10/31/17.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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