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Tractor Talk Discussion Forum

Deere going under ??????

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Ohio puller

09-22-2005 09:42:30




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I just heard that John Deere filed for bank ruptcy. Anbody know if this is fact or fiction?




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Dave H (MI)

09-23-2005 06:10:11




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 Re: Deere going under ?????? in reply to Ohio puller, 09-22-2005 09:42:30  
Take a gander up and down the street sometime on a weekend. How many green little machines do you see? Even if Ag broke even, the yuppie market keeps them pumpin'. I own Deere and it looks just fine to me.



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JoeMN

09-22-2005 15:29:15




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 Re: Deere going under ?????? in reply to Ohio puller, 09-22-2005 09:42:30  
Looks like they made a profit of 1.2 billion so far this fical year.



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I Love My Deere Stock

09-22-2005 14:58:06




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 Re: Deere going under ?????? in reply to Ohio puller, 09-22-2005 09:42:30  
Another example of the enormous amount of stupidity floating around on the internet and certain discussion forums.



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little joe

03-23-2006 06:41:27




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 Re: Deere going under ?????? in reply to I Love My Deere Stock, 09-22-2005 14:58:06  
i heard that all the deere buyers have broken necks and there is no one left to buy them this all due to deeres legendary powershifts

just buy a massey or international and you wonnt be at the chiropractor after work every night



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sammy the RED

03-23-2006 06:45:19




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 Re: Deere going under ?????? in reply to little joe, 03-23-2006 06:41:27  
What Ever .....



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Ga. Dan

09-22-2005 13:21:04




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 Re: Deere going under ?????? in reply to Ohio puller, 09-22-2005 09:42:30  
Go to Deere.com you will see third qtr. earnings of 387 million. Finacial statement looks great to me.



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Butcher

09-22-2005 13:08:24




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 Re: Deere going under ?????? in reply to Ohio puller, 09-22-2005 09:42:30  
I live 15 miles north of Waterloo Ia. You cant throw a dead cat around here without hitting a JD worker or top exe. Someone is blowing smoke up your u know what. Some of the lines at the plant have slowed down abit and guys getting layed off for a day to 3 days but that is normal. Been happening for years that way.



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Whisle stop

09-22-2005 12:19:20




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 Re: Deere going under ?????? in reply to Ohio puller, 09-22-2005 09:42:30  
Likely not any company with that kind of strong balance sheet would be anywhere near banckruptcy. Only those of us that love the old stuff that they ignored for years, and now they want to charge several prices for various excuses are going to file bankruptcy.
If it is a "slow mover", they charge a bunch because it "cost a lot to keep that part in inventory". However, for all of the fast moving parts, there is a different set of excuses for the exorbitant prices.

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Mike M

09-22-2005 11:59:23




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 Re: Deere going under ?????? in reply to Ohio puller, 09-22-2005 09:42:30  
Around this forum they seem to do it about once a month ?



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Roger P

09-22-2005 10:38:06




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 Re: Deere going under ?????? in reply to Ohio puller, 09-22-2005 09:42:30  
Let me think about it,the worlds largest, strongest most profitable Ag equipment producer filing for bankrupcy, Hmm, I have thought about it,!!



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Tarheel

09-22-2005 12:28:28




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 Re: Deere going under ?????? in reply to Roger P, 09-22-2005 10:38:06  
Don't think it really matters who is the biggest one or two, John Deere is a long way from going out of business.



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RustyFarmall

09-22-2005 10:51:08




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 Re: Deere going under ?????? in reply to Roger P, 09-22-2005 10:38:06  
I think if you do your research you will find that Deere is actually the second or maybe even the third largest.



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Joe MD

09-22-2005 12:37:14




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 Re: Deere going under ?????? in reply to RustyFarmall, 09-22-2005 10:51:08  
I don't believe you.



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Redman

09-23-2005 04:42:55




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 Re: Deere going under ?????? in reply to Joe MD, 09-22-2005 12:37:14  
well don't then.
but they are #3,the world is a big place and it is not limited to the USA anymore.
i believe massey is #1.



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Joe MD

09-23-2005 06:47:39




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 Re: Deere going under ?????? in reply to Redman, 09-23-2005 04:42:55  
Now that you mention it, when I was in Costa Rica a while ago all I saw was Massey stuff.



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Bob

09-22-2005 10:34:50




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 Re: Deere going under ?????? in reply to Ohio puller, 09-22-2005 09:42:30  
I guess if they did, MSN money hasn't heard about it yet.



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pbutler

09-22-2005 10:33:52




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 Re: Deere going under ?????? in reply to Ohio puller, 09-22-2005 09:42:30  
Fiction. They grossed 6.4 BILLION last year and put 1.57 Billion back into coffers. They had 3.49B in cash on the balance sheet.

Long ways from Bankrupcy.



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John (MO)

09-22-2005 10:25:30




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 Re: Deere going under ?????? in reply to Ohio puller, 09-22-2005 09:42:30  
Don't see anything about it on any of the news services but their stock is off about $15. from what it was around the first of Aug.



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buickanddeere

09-22-2005 11:55:13




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 Re: Deere going under ?????? in reply to John (MO), 09-22-2005 10:25:30  
The Deere haters want to hear a story like that and run with it so much. They rarely verify the source. A drop in stock prices like that. Just means the executives sold thier shares six months ago and they are purchasing now. Buy low, sell high.



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Nathan in Texas

09-22-2005 12:22:05




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 Re: Deere going under ?????? in reply to buickanddeere, 09-22-2005 11:55:13  
Actually John Deere insiders only own .04% of the outstanding stock. There is very little effect they could have on the stock price as to when they were buying and selling. There were some sales by insiders back in July but not very much.

The key for the drop in their price appears to be that they are not meeting sales targets based on low demand due to weather related issues per the company.

But the bankruptcy talk appears to be way off.

FWIW, Nathan

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buickanddeere

09-22-2005 20:27:21




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 Re: Deere going under ?????? in reply to Nathan in Texas, 09-22-2005 12:22:05  
Deere insiders buying selling stock make no difference on the price..... .....however. The executives can tweek a profit forcast and send the stock prices crashing. The executive insiders purchase a few stock shares for themselves. Then the stock prices rocket upward when the next finacial forcast the insiders release says profits. It's done all the time from Coke to GM etc.



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Dave H (MI)

09-23-2005 06:08:42




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 Re: Deere going under ?????? in reply to buickanddeere, 09-22-2005 20:27:21  
Don't want to sound to confrontational but I have not seen any stocks behaving in a pattern such as you suggest. Most execs have accumulated options to buy at a fixed price and want nothing more than for it to go up, up, and up. If you have specific examples and a time frame I can look up, I would like to see it.



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Nathan in Texas

09-23-2005 05:50:26




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 Re: Deere going under ?????? in reply to buickanddeere, 09-22-2005 20:27:21  
What you are describing is illegal and I sure hope it doesn't go on all the time.

There are VERY strict rules on insider trading and they have to give advance notice if they plan to buy or sell their stock. Anyone can look up the stock sales or purchases by insiders. Over 75% of John Deere's stock in particular is held by institutional investors (mutual fund companies, etc.) that have full time people tracking earnings estimates and fun stuff like that. If a trend developed like you are describing that company would be reported to the SEC and would have them crawling all over them. Since Enron and Worldcom they are now putting people in jail for stuff like that.

FWIW, Nathan

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buickanddeere

09-23-2005 09:17:36




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 Re: Deere going under ?????? in reply to Nathan in Texas, 09-23-2005 05:50:26  
The beauty of strict rules is it allows loop holes and plausible deniability of stock manipulation. Ever wonder what financial consultants, investment firms, numbered companies and off shore bank accounts are for? Do you really think even .1 % of what might be insider trading is investigated? Then try to prove it. Enron and Worldcom just ended up with a few figureheads busted. Where there is lots of easy money, there will be people there doing just that.

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Luke S

09-22-2005 12:26:24




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 Re: Deere going under ?????? in reply to Nathan in Texas, 09-22-2005 12:22:05  
Just a rumor I'd say. Kinda how I have a Ford guy come into my Dodge dealership at least once a week and tell me Ford owns Cummins and next year the Ford will be running Cummins engine's. I've been hearing that one for 15 years, just the same kind of B.S.



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Jonathan Brown

09-22-2005 13:07:23




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 Re: Deere going under ?????? in reply to Luke S, 09-22-2005 12:26:24  
I hope deere does not go under, I do not own any John Deere products currently Just IH, But I have some John Deere Stock. Its a long story.



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Harley

09-22-2005 13:27:10




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 Re: Deere going under ?????? in reply to Jonathan Brown, 09-22-2005 13:07:23  
Might be. Now ifn they'da come out with the SHTAVWFLPGCS like IHC wanted to, they might have made it. By the way that's a Super H with Torque Amplifier, high crop, wide front, LP gas, Cantaloup Special tractor, and I think Cowman has one. :~) Harley



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Redman

09-23-2005 04:50:50




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 Re: Deere going under ?????? in reply to Harley, 09-22-2005 13:27:10  
products were not IHs problem,management pretty much put them in the hole.



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