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Heavy Equip. stocks

Discussion in 'Heavy Equipment & Pavement' started by Chuck Smith, Mar 21, 2001.

  1. Chuck Smith

    Chuck Smith LawnSite Senior Member
    Posts: 849

    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?

  2. BRL

    BRL LawnSite Bronze Member
    Posts: 1,211

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

    Deere John LawnSite Senior Member
    Posts: 327


    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.

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