Analysis of Deere 2015

Company: Deere

ISIN US2441991054 | WKN 850866

Business: An American outdoor machine producer. They have eight different product categories: Residential (lawn mowers), Agriculture (tractors etc.), Construction (Trucks and Loaders), Landscaping & Grounds Care (commercial lawn mowers), Golf & Sports (fairway mowers etc.), Forestry (harvesters and dozers), Engines & Drivetrain (diesel engines and generators), Specialized (military and rental). Their largest is however Agriculture and most people in countries conducting modern agriculture will have have seen the beautiful Deere logo.

Active: 30 countries world wide. Focus on US, Canada, Europe, Brazil, Russia, India and China. I was surprised to see that they did not mentioned Africa but maybe the infrastructure need to improve much more before Deere can establish themselves stronger there.

P /E: 13.9

Deere annual report 2015

Since I bought Deere not that long ago as well as them having a broken year my first report summary therefore are based on their annual report for 2015. Upon the release of this report the share price increased with 4 to 5% which as always is based on the expectation of the analysts versus the real outcome. This time Deere apparently did better but the reading was not pleasant and the future expectations by the managers were not showing us the road to riches.

Enel report Q3 2015

My greenish energy producer Enel arrived with their report. Enel had a bit of a share price drop during spring-summer but are now up above 4 € again. I was thinking about increasing the position when they were down around 3.7 € (because my initial investment was so small) but I never got around to it and it seems as if I never have the money to do so. It seems to be a never ending story with my companies and there is always one of them dropping like a stone and I then feel forced to buy that one instead so I never get to water the flowers.

Cez report Q3 2015

My eastern European electricity investment Cez arrived with their Q3 report. The share price has during the last six months not been going very well but it was not as a response directly to this report but I think the investment is down by around -20% right now (like almost all my electricity investments are). I have read several articles about the trouble Vattenfall is in and that they are forced to sell their coal plants and mines in Germany. Cez has given Vattenfall an offer on all of that including ten hydro plants. I hope that Vattenfall will accept the deal.

When will shareholder boards create company rules?

Based on a comment from Matthias found here in combination with discussions at work concerning that democracies very rarely "learn" since new people come in power all the time this reflection started to form in my mind.

Looking back in time religion had, upon the time of creation, an important function of bringing "laws" and structures to people. It also brought them hope, comfort and unification but that is unimportant for this reflection.