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Non-Tech : Heavy Machinery. CAT DE CSE DDC CUM
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To: Paul Berliner who wrote (73)4/29/1999 6:43:00 PM
From: Wade  Read Replies (1) of 190
 
The news also has this:

'..... Our flexible manufacturing strategy, which involves
the outsourcing of major components resulting in less vertical integration, continues to provide real advantages during this industry down cycle. This flexibility, which allows us to quickly adjust production, coupled with our low fixed cost structure, positions the Company for strength during the cyclical decline in world agricultural equipment markets,'' stated John M. Shumejda, AGCO's President and Chief Executive Officer.

Their cost cutting really down to the bone this time. We should see the stock move above BV ($14) very quickly if they can show positive net earning next time. I think it is highly possible. Good luck.

BTW, I love my CSE profit<grin>.

Sincerely,
Wade
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