Lindsay Corp (NYSE:LNN)

CAPS Rating: 4 out of 5

The Company is a designer and manufacturer of self-propelled center pivot & lateral move irrigation systems which are used principally in the agricultural industry to increase or stabilize crop production while conserving water, energy, & labor.

Recs

5
Player Avatar B1gP1mp12369 (< 20) Submitted: 5/10/2008 3:57:23 PM : Outperform Start Price: $66.72 LNN Score: -35.15

Bad things can bring big money. In wars, its the arms makers who make money. When oil prices go up, its the huge oil companies making profits. In this case, when food prices go up (and federal subsidies dont go away), the farmers benefit. When farmers get more money, what can they do? They can buy the latest agricultural gadgets like more efficient irrigation systems and tractors. Lindsay Corp currently manufactures farm & construction machinery, road and railroad infrastructure equipment, and water pumps. So, the more money that farmers get, the more money companies like Lindsay Corp get.

Member Avatar jfosu (< 20) Submitted: 5/14/2008 4:49:25 PM
Recs: 2

lol, farmers don't make more money when food prices go up - they make less because they have to spend extra money on gas/fertilizer, both of which are drastically increasing.

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