Heavy Equip. stocks

[Chuck Smith]

This from Reuters:


"Deere & Co. dropped $2.16 to $38.17 a share after the heavy equipment maker said it will scale back production, leading to lower second-quarter earnings, because the slowing economy and adverse weather have hurt orders."

Anyone have stock in Deere?

~Chuck

[BRL]

The real problem is they took over that mess called Grate Dane. ;)

[Deere John]

Yikes!

Deere also took over Timberjack - the forest product markets are in the can too, so we logger types aren't buying as much new iron as in the good times.