It is funny how so many still don't understand the nature of this business. It has always been a niche retailer focusing on a target market and selling them what they need for a lifestyle. It is virtually as close to a recession proof retail buy as you can get. I have always owned this stock since the IPO in 1994 and still have no intention of bailing on this one. They are still in growth mode and I still see another 3-4 years of good growth. It is too bad all the analysts don't understand the Tractor..... A little dip the last couple weeks since joining the S&P 500 but it will head for $100 again.. Hopefully won't get clumped in with the S&P. Too good for that. Great leadership.. Great Vision.. Great Focus.. Never straying from it's core values and business plan.. Sorry I don't own more.... Such a good story...
That's why management in a 20 to zero ration has been dumping shares - because they believe so much in themselves. Recession proof - not - like Cabelas which disappointed today, but more expeosed to falling crop prices and subsidies. Lets check back after Q1.
It appears the company is so worried they announced they are buying back $1B in shares yesterday because they are cash flowing so well. Huh. It appears they are well positioned for future growth if you are an investor.
BTW, about the "recession proof" wish - check back to 2009 & 10 - last time we had weak farm crop prices. The stock? Flat to down. Jeez, just happened to take off with crop prices after that. Just a fluke I susppose.