Here comes the first big ball dropper for this year and that is Deere. Due to their broken accounting year I have completely missed the Q1 as well as the Q2 report. To catch up and to keep it "correct" I will report the first quarter now.
To read the report in full on the Deere home page then please click here, to see the previous summary then please click on Deere annual report 2015 and to find out more regarding Deere then please visit analysis of Deere 2015.
In the financial statement below we only see old news meaning that the sales keeps dropping and they decreased by -13%. The costs are also down but unfortunately not as much as would have been needed and for this reason we end up having -30% in earnings. The only good news is that they have bought back plenty of shares in the meantime which gave us a little but better EPS but that is probably the only thing to be happy about.
Conclusion: The tough time for Deere continues and I do not know when it will end. As a shareholder I do however not see any reason for concern and I will just sit still in the boat and wait for the fish to bite.
Conclusion: The tough time for Deere continues and I do not know when it will end. As a shareholder I do however not see any reason for concern and I will just sit still in the boat and wait for the fish to bite.
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