2024-02-15 15:30:23 ET
Summary
- Deere & Company reported weakness in demand and lowered guidance for FY2024 due to cyclical headwinds.
- The company's net sales and revenues decreased by 4% in Q1 2023, primarily driven by a decline in net sales for the equipment operations segment.
- Despite near-term challenges, Deere remains committed to innovation and technological advancement, offering long-term growth potential.
Introduction
There's a huge difference between actively trading stocks and long-term investing. When I was still an active trader a long time ago, it was all about selling losers and adding to winners, which makes sense as it minimizes losses and focuses on winners only.
Long-term investing is different. While strategies may differ, I'm all about identifying great companies and buying them at great prices.
All major positions in my portfolio were bought during times of severe weakness, which allowed me to buy great yields and increase the odds of a decent long-term performance....
Read the full article on Seeking Alpha
For further details see:
Deere Q1: The More It Drops, The More I'm Buying