Replies to post #14315 on The Rising Influence of Rising Affluence

[DewDiligence]

DE maintains a monopoly on product service, but there’s a (black market) workaround:

http://boingboing.net/2017/03/22/make-hay-while-the-sun-shines.html

[DewDiligence]

DE +8% on sharply raised FY2017* guidance for sales and EPS:

https://finance.yahoo.com/news/deere-announces-second-quarter-earnings-104500062.html

Net sales and revenues are projected to increase about 9 percent for fiscal 2017 with net income attributable to Deere & Company of about $2.0 billion.

The new net income guidance of $2.0B—raised from guidance of $1.5B three months ago—equates to GAAP EPS of $6.15 (on 325M diluted shares).

The new guidance of 9% YoY sales growth compares to guidance of only 4% YoY growth three months ago.

The stock is currently trading at an all-time high.

*DE's fiscal year ends on Oct 31.