Today's First Look comes with the disclaimer that I am a dyed-in-the-wool city boy. Despite coming from a proud farming dynasty, I'm afraid I am the black sheep. When asked which 'Sex In the City' character I am, I would say I'm very specifically Carrie when she's forced to leave Manhattan for a weekend
With that out of the way, let's dive into one of the biggest agricultural businesses in the world -- Deere & Co.
Deere & Co is an American manufacturer of heavy machinery, farming and forestry equipment, engines, drivetrains, and lawn care equipment.
Founded over 185 years ago, John Deere's green tractors are an American institution. Farmers in rural America are so bought into the John Deere brand that they say they "bleed green". The company's internal slogan is "If Farmer's are profiting, Deere is profiting".
Deere's reputation for excellence appears to be backed up by its pricing power -- a key indicator of a strong brand. The company offers a huge range of products across agriculture and construction which it sells through a vast unmatched dealer network. It has over 1,900 dealers in North America and about twice that globally.
Something that has struck me about this company as I was doing my research was the sheer amount of ways that it creates a sustainable competitive...
The Home of Successful Investing.
© 2024 MyWallSt Ltd. All rights reserved.
Services
Social
Company
Support
This website is operated by MyWallSt Ltd (“MyWallSt”). MyWallSt is a publisher and a technology platform, not a registered broker-dealer or registered investment adviser, and does not provide investment advice. All information provided by MyWallSt Limited is of a general nature for information and education purposes, and you should not construe any such information as investment advice. MyWallSt Limited does not take your specific needs, investment objectives or financial situation into consideration, and any investments mentioned may not be suitable for you. You should always carry out your own independent verification of facts and data before making any investment decisions, as we cannot guarantee the accuracy or completeness of any information we publish and any opinions that we publish may be wrong and may change at any time without notice. If you are unsure of any investment decision you should seek a professional financial advisor. MyWallSt Limited is not a registered investment adviser and we do not provide regulated investment advice or recommendations. MyWallSt Limited is not regulated by the Central Bank of Ireland. MyWallSt Limited may provide hyperlinks to web sites operated by third parties. Your use of third party web sites and content, including without limitation, your use of any information, data, advertising, products, or other materials on or available through such web sites, is at your own risk and is subject to the third parties' terms of use.