Deere: Serious Share Shrinkage

In examining Deere’s (DE) better-than-forecast earnings, Citigroup’s Timothy Thein and team note the farm-machinery manufacturer’s “serious share shrink”: Seth Perlman/Associated Press Free cash flow is projected to decline to $1.8BB (still exceeding net income) from $2.4BB. Deere bought back $2.8BB in stock in FY15, and has reduced its share count by 36% since ‘04 (putting it […]