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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Michael Burry who wrote (6296)	3/14/1999 11:25:00 AM
From: John Stichnoth	Respond to of 78613

The problem with DE in the near to medium term is the general ag market, low commodity prices, farmers not making any money and not able to buy new tractors...(etc.) But in the longer term, DE will still be here when lesser competitors will have pulled in their horns. There are portfolio reasons for an investor to be in the heavy equipment sector. Among these companies, you want to be in the biggest and best, I think, and plan to hold for the long pull. I've chosen DE, and the current price looks like a good entry point. My 2 cents. JS