Gehl Company <GEHL> Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Gehl Company

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Michael Bakunin who wrote (42)	5/22/1998 2:17:00 PM
From: Michael Bakunin	Read Replies (1) of 97

On the wire: "Gehl Company (GEHL) 16 1/4 -1 1/4: manufacturer of agricultural and light industry equipment started with a 'strong buy' rating at J.G. Kinnard." nB: JG Kinnard is a small, MN-based B/D. On the web, I find: pathfinder.com cgi.amcity.com commerce.state.mn.us GEHL dropped to 16 today; I have to assume the Dahl sales, plus worries about demand, have helped drive the stock here. Deere and Case are down, too. Deere went so far as to make reassuring comments in its last earnings announcement: biz.yahoo.com Highlights: "Overall fundamentals of the farm economy are sound, and the demand for farm equipment is expected to remain favorable...low interest rates and solid economic growth continue to bolster construction equipment demand." I think JG Kinnard is overoptimistic, but GEHL is trading at a PE of under 9, quite a discount to Case & Deere; its big brethren are at PE's of 12 and 12.7, respectively. The spread is not as good as when I bought, but a 25% discount to Case is higher than the 10% I'd been assuming as 'fair value': Message 3413144 mb

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next