2024-01-26 06:03:20 ET
Summary
- Deere has a strong brand and diverse product portfolio in the agriculture and construction industries.
- The stock is flat over the past three years and is undervalued at current valuations and poised for future growth.
- Deere's strong cash flow, disciplined capital allocation, and commitment to innovation make it an attractive long-term investment.
Investment Thesis
Background
Deere & Company (DE) has built one of the most recognizable brands in the world, leading to strong customer loyalty. The company also boasts one of the most diverse and advanced portfolios of products in the agriculture and construction industries.
Despite being one of the largest players in the industry and consistently providing customers with high-quality, reliable products at fair prices, Deere's stock has remained largely flat over the past three years. Since March 2021, the stock has only risen by 7% , while the S&P 500 has gained 25%....
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For further details see:
Unfazed By Market Turbulence: Is Deere's Sideways Action A Golden Opportunity?