The Rising Influence of Rising Affluence

[DewDiligence]

DE was +12% on the week, so maybe Barron’s is smarter than I thought, LOL.

Although DE has a presence in Ukraine (a big wheat producer), the stock got a boost this week from soaring crop prices, which puts more money in farmers’ pockets and thereby allows them to buy more farming machinery—including fancier models with more bells and whistles—which is 70% of DE’s business.

The stock is trading a mere 2.5% below its all-time high.