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Galahad, Alberta | Friend and I went into a CIH dealership today and asked a salesman about new combines. Was told that the dealership had put in orders for 15 machines and CIH will only give them 8. I suspect that the machinery companies are practicing controlled production, only build what they have a deposit down on, and keep the prices up. I can only think of one reason that stock prices would tank in the face of what is usually a bulletproof way to ensure profits, and that is that even the profit from sure sales isn't enough to meet expenses. Funny how emotions cloud the fact that fundamentals haven't changed that much. People still gotta eat, and the world didn't have that geat of a crop, the pipeline is still tight. Could be a lot of "good" stocks are being sold for quick cash to offset bad stocks. Just my .015 (it's worth less today, everything is down!)
Rosco | |
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What do you think this means?
