[$$] Bill Gates Finds Redemption Fri, 24 Nov 2017 19:02:00 +0000 Bill Gates has been bought out by Mario Gabelli. In August 2016, Gates’ Cascade Investment firm bought a $110 million five-year convertible note in Gamco Investors (GBL). The note, which came with a 4.5% coupon, represented essentially a 16% beneficial ownership stake in Gamco--two million shares, if converted at $55 a share.
Deere & Company Soars on 4th Quarter 2017 Results Fri, 24 Nov 2017 15:32:19 +0000 The tractor manufacturer forecasts a 19% increase in net sales for 2018. The net income for 2018 is projected at $2.6 billion
How Deere’s Construction & Forestry Segment Performed in 4Q17 Fri, 24 Nov 2017 15:31:40 +0000 In fiscal 4Q17, Deere’s (DE) Construction & Forestry segment reported revenue of $1.7 billion, a 37.0% rise from fiscal 4Q16, when it reported revenue of $1.2 billion. The segment’s revenue growth was…...
A Wounded Deer Leaps Highest--But Deere Leaps Higher Still Fri, 24 Nov 2017 14:13:00 +0000 Shareholders of Deere & Co. (DE) have something to be thankful for this holiday season, as the heavy equipment maker reported better-than-expected earnings amid ongoing demand. The stock is trading up again Friday, perhaps getting a bit of a boost from RBC Capital Markets, which raised its target price on Deere. Analyst Seth Weber and his team reiterated a Sector Perform rating on the stock but boosted their price target from $134 to $155, and also raised their 2018 estimates for Deere, citing the upbeat quarterly report. Weber writes that current trends in agriculture are better than he anticipated, as Deere is benefitting from replacement demand, as well as its own cost initiatives.
Deere’s Agriculture & Turf Revenue Finally Grows in 4Q Fri, 24 Nov 2017 14:01:52 +0000 Deere’s (DE) Agriculture & Turf segment is its largest revenue generator. It reported revenue of $5.4 billion in 4Q17, a 22.3% rise from fiscal 4Q16, when it reported revenue of $4.7 billion. In…
Deere’s Fiscal 4Q17 Revenue Rises Thanks to Higher Volumes Fri, 24 Nov 2017 12:32:27 +0000 In fiscal 4Q17, Deere (DE) saw total revenue of $8.0 billion, inclusive of financial services and other revenue, implying a 23.0% rise from 4Q16, when it had revenue of $6.5 billion. Excluding financial…...
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