Agreed. People are missing the big picture. The DE will keep running at the same rate. It is part of a bull market. Even though the outlook was "very conservative", the current p/e is low as well as the fp/e. I believe DE will never go lower than it does in these next few days. In fact, today may be its low. I'm holding what I own and will buy more if it goes lower. I see this stock at $100 in the next 3-6 months, and that kind of return is worth waiting for.
our neighbor went to buy a new baler last week....the JD dealer said "$27,000, if I can find one."...JD's ag line is still king...that's the big hoss that pulls the wagon...when housing comes back, construction and timber harvest equip will come back too....meanwhile the demand for food will continue to drive demand for farm equip....this is not going to change globally.