From $15 EPS To $5: AGCO's Earnings Show The Brutality Of Cyclical Industrials

Agriculture machinery manufacturers see me as one of their bulls. In particular, you probably know I frequently cover the three main Western manufacturers: Deere ( DE ), CNH Industrial ( CNH ), and AGCO Corporation (I’m a long-term investor focused on U.S. and European equities, with a dual emphasis on undervalued growth stocks and high-quality dividend growers. Through years of experience, I’ve learned that sustained profitability—evident in strong margins, stable and expanding free cash flow, and high ret ...