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| Looking at the inventory levels of Fendt tractors and combines mentioned below made me look up the Agco stock. Essentially setting record highs last Friday.
How can that continue? Is overseas ag or South America ag in drastically better shape than the US? Will the US inventory eventually get exported to a better ag market somewhere else?
I can and have used many brands but 30-40% of my area would be embarrassed to run a Massey, Gleaner, New Holland, Ford, or any brand owned by AGCO.
I could easily see the AGCO stock fall $50/share in the next couple of years. P/E of 79? Where is the growth to support that?
Bonpas | |
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Short AGCO?
