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CAT - Deere - Waiting For An Investment Opportunity
Caterpillar Inc.
John Deere (DE), the world's second largest producer of farm and construction machinery, just reported its second quarter earnings. I was eager to both study the financials and listen to what managers had to say due to the current situation the company is in.
Global economic growth has weakened with agricultural prices being in a long-term decline. On top of that, we are dealing with a trade war and agricultural production recovery in large parts of the world, which caused the company to be somewhat pessimistic when it comes to earnings and