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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (4984)	8/11/2018 12:04:47 PM
From: robert b furman	Read Replies (3) \| Respond to of 7239

Hi Rick, A quick story or two about Deere. My lifelong best friend has a finish grading and erosion control business in Nebraska. He's a self made business man - with a small crew of hard working people. They have morphed into a multi-million revenue company as they have specialized in erosion control on new railroad track sections. They find themselves going up and down very steep grades. That kind of dangerous work requires heavy equipment - they have big trucks, excavators and exclusively ONLY John Deere 4x4 tractors and John Deere Trac Steer skid loaders. To buy a Trc Steer skid loader form Deere - you must pay the asking price and then get on a waiting list. Their production is sold out in advance. A friend of his was told by his accountant that he should buy some equipment and get the depreciation into the past year. Since it was a friend of his - he gave up his turn for a new skid steer to his buddy and deferred his taking delivery into this year. Lastly a friend here in Wisconsin planted Soy Beans on my acreage here in Wisconsin. My land is hilly and has 6-12% grades. Plowing that land results in a lot of soil erosion. It is a relatively new concept of "No till" planting of Soy Beans, Corn, and Alfalfa. We did it this year for the first time. He told me that he could not have done my land 3 years ago as the tractor required to pull a no till seed drill and the slopes of the hills required a higher horse power tractor than he had. The need for bigger tractors doing more efficient planting has put Deere in the premier position of making THE BEST AG TRACTORS IN WISCONSIN AT LEAST. I think Deere is just a premier manufacturer. I'd buy deere on any dip and call it a buy and hold forever. Deere is a high quality well run company with superior products that just work better.

To: richardred who wrote (4984)	6/27/2019 10:42:40 AM
From: richardred	Read Replies (2) \| Respond to of 7239

Yanmar Acquires Terex Corporation’s Compact Construction Equipment Business June 21, 2016 Yanmar Holdings Co., Ltd. Yanmar Holdings Co., Ltd. concluded a final agreement with Terex Corporation (NYSE:TEX) of the United States (hereinafter referred to as "Terex") on June 20 (U.S. Eastern Time) to acquire Terex's European compact construction equipment business for approximately US$60 million. Through this business, Terex carries out the production and sale of wheel loaders, midi/mini excavators, wheel excavators, and other products in Europe. Included in the acquisition are the manufacturing facility located in Crailsheim, Germany, and a parts distribution center located in Rothenberg, Germany. The acquisition will allow Yanmar to further actively develop its business in the small to medium-sized construction machinery market in Europe by collectively utilizing the sales and service networks, and the industry’s top-class product development and production knowhow of both companies. The acquisition is expected to be completed during the autumn of 2016 after the approval of Terex's shareholders and regulating authorities and the completion of all other required procedures. Takehito Yamaoka, President, Yanmar Holdings Co., Ltd. "We are very happy to have concluded an agreement for the acquisition of Terex Corporation's compact construction equipment business, which possesses a strong Europe-based sales network and excellent products, including the distinguished German Schaeff series. I believe this tie-up will promote not only the short-term but also long-term growth of Yanmar's construction equipment business by expanding the Yanmar Group's compact construction equipment business and supplementing the sales network of our French subsidiary.” About Yanmar Yanmar was founded in Osaka in 1912, and succeeded in launching the world's first commercially viable small diesel engine in 1933. Thereafter, with its core business of industrial diesel engines, the company became a comprehensive industrial machinery manufacturer providing total solutions that integrate products, services and knowhow to multiple markets. The company maintains seven main businesses; compact and large engines, agricultural machinery and equipment, construction machinery, energy systems, marine equipment, machine tools, and components, which it develops on a global scale. Our mission statement is "We strive to provide sustainable solutions for needs which are essential to human life. We focus on the challenges our customers face in food production and harnessing power, thereby enriching people’s lives for all our tomorrows.” Furthermore, we aim to contribute to the realization of a resource-recycling society with "A SUSTAINABLE FUTURE" globally in the business fields of "land", “sea” and “city”. Please refer to Yanmar’s website for more details: https://www.yanmar.com/global/about/ P.S. Message #4984 from richardred at 8/11/2018 11:09:24 AM RE-ASV speculation Big earnings miss. it was ST painful, but not totally unexpected. Presumably CAT or Terex did not buy as many undercarriages hurting sales. A important point IMO to remember. This niche company has dealers in the North America, Australia, New Zealand markets. My latest acquisition Bemis was by an Aussie company. I believe these markets make it attractive for a Japanese company (hypothetically Kobota). Being ASV is a small company. Tariffs are very likely to have a impact on input costs, (STEEL). This IMO makes it even more susceptible to an acquisition. This by a bigger player with access to better input structure. MNTX & TEX looked to have washed there hands of ASV. My previous theory of a hypothetical (China based) Zoomlions seem out of the question for now. However I wouldn't rule out a domestic ALG, DE, or CAT. I'm holding for now.