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DewDiligence

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DewDiligence

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Re: DewDiligence post# 8739

Wednesday, 11/26/2014 10:54:25 AM

Wednesday, November 26, 2014 10:54:25 AM

Post# of 30494
DE -2% on weaker-than-expected FY2015 guidance:

http://online.wsj.com/articles/deere-projects-sharp-decline-in-farm-equipment-sales-1417005521

Looking to the year ending in October, the company expects total equipment sales to drop 15%, with a 21% decline in the first quarter. Deere forecast earnings for the year of $1.9 billion, while analysts called for $2.2 billion.

That FY2015 would be a down year was already a foregone conclusion due to weak crop prices; the only question was the magnitude of the drop. (DE’s fiscal year ends Oct 31.)

DE’s own GFY4Q14 PR:
http://finance.yahoo.com/news/deere-announces-fourth-quarter-earnings-120000296.html

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

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