Somehow I can't get a picture out of my head of replacing a 2/3 gallon gas tank with a 20# propane cylinder on my lawn mower. Hope it doesn't come to that.
I agree with you, TTC may have some dips but pretty solid stock for the haul. Not too many that bounce back and continue to provide returns year after year. One wish for the new year is that they focus more diligently on strategic deployment and fine tuning their management of the business. Still pleanty of waste and opportunity for improvement of their business operations.
Like most companies Toro "gets" quality and their brand recognition reflects that. BUt also, like most companies, they haven't a clue on how to manage quality as a business system so their efforts are not aligned or cohesive through the organization. Your observation on no executive quality position at the top leadership level are right on. That group is definately "quality-phobic" on establishing a top level position. Their only contribution to quality is by dumbing down quality into a catch phrase they feel substitutes for leadership and intellegence then hiring consultants to generate powerpoint shows with lots of goofy pictures.
Gee, give the guy a break. If I was holding a considerable amount of stock over the years and it +doubled I might want to cash some in too to enjoy it.
Cind off anal about spelling huh Wokie? U shold fokus mor on yor kontint of yor owne mesegges thyn one miss speled word ine somone ellses postng. I'm a moron because of one mis-spelled word? I'm holding a good position on TTC stock that been taking off and lining my pockets for the past 3 years - You're the one bashing TTC as a company who's performance is lacking! SO WHO REALLY IS THE MORON, wooky? I'll leave some bread crumbs outside your cube by the furnace after the next stockholders meeting.
I've always considerd the "Wookie" a frustrated insider who must be "pidgeon holed" somewhere down deep in the company structure.
At the time of this posting TTC jumped up $2.43 and is at a 52 week high. I think "Paycheck" took his shorts and jumped out the window.
Undisputed info and you did a nice job on the details. But...is HD's $$ performance due entirely to poor Toro lawn/snow sales or an indicator that TTC sales at HD will recklessly plummet? I doubt it. Other indices more in tune to TTC like incresing new home sales, record levels of new mortgage applications and quick turns on existing home sales all look positive. New homeowners NEED to cut their grass, its not an option or something they can put off. TTC products at HD are more than a choice - they're a high value option with excellent brand recognition, performance and price point. HD & TTC are excellent companies and will do well.
Wow, lots of detailed information to act upon. Getting "hurt", "major correction", "overbought","defy gravity" all resulting in (my personal favorite) a "sure sign of a major fall". I bet you missed the 2:1 stock split announcement. My prediction, after I get additional stock shares in April(from excellent company performance)there will be an adjustment...I'll have been rewarded with a stronger "positive position" in my portfolio.
Not claiming any philosophical discovery but in this case its working well for me. My question still remains unanswered regarding just what performance measures you use to define a solid company. So?
So, for those doubting Thomas' out there second guessing Toro's growth, do you want to define what a "good company's" performance should look like? Its obvious that you don't buy into the buy low sell high philosophy that is making money for those who hooked on over the past two years and are enjoying the gains. I bet you're still holding your Enron stocks, too.