New Holland and the Ag Equipment Group Message Board

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Non-Tech : New Holland and the Ag Equipment Group

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To: Shane M who wrote (39)	1/3/1999 8:59:00 PM
From: Michael Burry	Read Replies (1) of 113

But will they go up if US sales decline 15-20% and global sales decline 10%? I think when a stock or industry becomes priced as if the sky is falling, it is not uncommon for the stock or industry to pop when it becomes apparent the sky did not quite touch the earth. I think this will be the case with the ag equips. On some of the threads in these stocks you see people bringing up 30 year droughts and global warming and all kinds of oddball stuff. People really think it is over. I'm hoping they do fall some more, so I can buy some more, but I for one like a situation where a stock stops falling on bad news, especialy when the stock is down 50+% and and both the company and insiders are buying shares well below book. Good investing, Mike

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