Lindsay Corp (NYSE:LNN)
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.
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Zachs give LNN a strong buy (1) rating for the next 3 months. Down from a 52 week high of 85.87, the stock looks attractive here, considering how much the world needs irrigation systems that Lindsay provides.
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Zacks Pick
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4% D/E and 3 qtrs. of >50% EPS growth. Slow and steady wins the race. Growth, commodities, and conservation play.
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Food prices are going up in 2011, predicted grain shortage world wide. Farm incomes on the rise in USA. hold for 6 months to a year.
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This stock has been a steady grower, with a high day of adding $8.00+ to a cost per share. I believe it will continue to grow over the next several months.
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Keeps raising their dividend, good for us.
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good ground
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its water...too many people in the world and growing daily, water...not so much
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Price is too good to pass up today
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I believe the long-term potential in agriculture and water systems is phenominal. Oh wait, Lindsay is both? And they have a great balance sheet? And solid earnings?
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stim play
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Cyclical action in an uncertain market in an adverse environment.
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Company is well managed, has a strong balance sheet. They have done well in a tough economy and continued to make money. They should do extremely well when the market recovers and the global growth story resumes
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Following a Fools pick
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good fundamentals.
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30 July 2009
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Should go up further .
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Borrowing $$$'s will be hard for farm community.Costs for inputs still way up. Emphasis will be on securing and covering yearly operating loans
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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.
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