What he meant was profits grew at twice the rate as revenue.
Revenue was only up 11% but this generated a 20% increase in profits.
What got me in the article was demand is high and rising for AG equipment... Farmers are likely to be flush in extra money from grain prices and able to afford new tractors.. So Deeres revenue and profits look good for the next year... Yet investors are dumping Deere stock in droves making the Deere stock price drop 11%.
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Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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