AGCO Corporation (AGCO) recently held a timely investor day, with management providing investors a positive update on the company's medium-term growth and margin expansion strategy. The macro picture remains a key concern - admittedly, the company is exposed to broad-based swings in grain prices and the North American replacement cycle. However, I believe this is well-understood by the market at this point, with the stock trading at trough multiples. Leverage its high-tech capabilities and extensive product lines, AGCO appears well-positioned to mitigate the demand-side weakness, while cost-cutting initiatives should boost margins, driving