AGCO Corp (NYSE:AGCO)
CAPS Rating:
The Company is a manufacturer and distributor of agricultural equipment and related replacement parts throughout the world.
The Company is a manufacturer and distributor of agricultural equipment and related replacement parts throughout the world.
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Recs
Way over priced. CNH and Deere will eventually squeeze them out of the market. They do not invest in technology, they only buy other companies that have the technologies and then they let it die.
Agreed regarding the fundies at Ag, but I'm hesitant to give then a bearish call because I've been following them since the stock was at 26 and it just refuses to go down! I wonder who is driving them up and when they'll decide enough is enough...
Do you all still agree?? LOL UCLA, they are heavy into selling their equipment to the developing markets, especially the BRIC nations ... They have a small presence here in the US; hence, why they continue to do well, even in our down market ... Bad news for Deere, AG is already where they & Case want to be ...
id have to agree with you on this. ive watch them over the years try to preform at deeres level/ they dont have any idea what they are doing as far as production and inventory. they aquired cases old factories and ran them down to a unproductive factory. as far a technology goes they try but just cant measure up so they buy some company that already has it.
Compare these three with TSCO. CNH and Kubota are more closely aligned with the TSCO / small farm market, and they should do well.