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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: carranza2 who wrote (70295)9/3/2008 9:26:10 PM
From: Maurice Winn2 Recommendations  Respond to of 74559
 
I prefer a slow fall so people have time to adjust. Rapid changes cause extra costs and harm.

This doesn't look the stuff of recession let alone depression. <Demand is so strong that customers wanting one of Deere's series 9000 tractors must wait until September 2009 to take delivery.

"The broader global economic environment remains quite favorable for a company like ours," Susan Karlix, the company's investor relations manager, said on an Aug. 13 conference call.

To meet the surging demand, Deere last week announced a $97 million expansion of its Waterloo, Iowa, and Coffeyville, Kan., facilities. That followed a $90 million investment in the plant announced in February. About one out of every three tractors made in the Waterloo plant are shipped outside of the U.S. and Canada, the company says.
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No worries.

Mqurice