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Don't Buy The Crop,Buy The Tractor | I think NRPR could move just the same percent wise and it won't take as long due to it's small float. Now if NRPR test highs it made earlier this year that would result in gains of 162% from it's current levels!!! | |
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| Don't Buy The Crop,Buy The Tractor |
| Wednesday, 19 September 2007 | ||||||
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Much to the delight of Deere & Co. (DE), the answer was on new combines and tractors. The farmers, in an effort to squeeze as much profit as possible from their harvest, are upgrading to more efficient equipment and buying new equipment for new farmlands. Deere has ridden the wave of the agriculture boom to an all-time high. It is up 75% in one year. While the increased profits have been nice, Deere can't depend on ethanol demand and bad weather to boost its stock price forever. Hong Kong iShares -Sean Goldsmith Source : Daily Wealth
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