Jamesb101.com

commentary on Politics and a little bit of everything else

John Deere does good……

The farm machinery maker posted higher-than-expected earnings, sending its shares up more than 8 percent, as wider margins at its farm equipment and finance units helped it overcome weak economic conditions.

Deere [DE  56.339   2.559  (+4.76%)   ] Wednesday also raised its outlook for fiscal 2010 machinery sales growth to a range of 6 percent to 8 percent, from a previous estimate that sales would fall 1 percent.

Profitability in the unit that makes Deere’s green tractors and harvesters was especially impressive, reporting margins of nearly 10 percent — three times what investors had expected, according to Eli Lustgarten, an analyst at Longbow Securities.

“It looks like brilliant profitability in ag in a relatively weak market,” Lustgarten said. “It’s a combination of restructuring, it’s a combination of operating efficiency, it’s execution, and brilliant ag margins.”

Deere, the world’s largest maker of agricultural equipment, reported a fiscal first-quarter net profit of $243.2 million, or 57 cents a share, up from $203.9 million, or 48 cents a share, a year earlier.

Revenue fell 6 percent to $4.84 billion.

People gotta eat…right?

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February 17, 2010 - Posted by | Blogs, Breaking News, Ecology, Media, Men, Other Things, The Economy, Updates | , ,

5 Comments »

  1. People gotta eat…right?

    ————–

    Of GRAVE CONCERN we NEED a 50% increase in FOOD PRODUCTION by 2030

    I am SURE George W and Jenna Bush Hager can SOLVE the issue by 2030

    Hint: Hemp seed is the HIGHEST source of Omega Oil available and Hemp is an excellent ANIMAL FEED

    http://www.westglen.com/hhrtv/current/1.php

    Comment by Timothy Peter Leal | February 17, 2010 | Reply

  2. Jenna Bush????????

    He, he, he give hemp to the cows so they can get high and give their milk a extra ‘boost’……..

    Comment by jamesb101 | February 17, 2010 | Reply

    • give hemp to the cows so they can get high and give their milk a extra ‘boost’……..
      —————-

      FERAL hemp will not get people or livestock INTOXICATED, buzzed, or High

      Hemp is not cannabis

      Hemp is cannabis’s cousin

      Comment by Timothy Peter Leal | February 17, 2010 | Reply

      • Yea you did tell me that….sorry

        Comment by jamesb101 | February 18, 2010

  3. Lucky for you the agriculture economy is doing well, mostly. Right now pork and dairy producers are bleeding red and cutting back herds. Then we shall see a decrease in corn, soybean, milo and wheat demand. That’s when Deere will not be doing so good. This bad economy has not yet hit agriculture, but it will.

    Comment by Michael | February 19, 2010 | Reply


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