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Warren Buffett Expands His Portfolio, Invests in John Deere Tractor Equipment (Nov 23, 2012)
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Warren Buffett Expands His Portfolio, Invests in John Deere Tractor Equipment

Buffett’s Berkshire Purchases $330 Million Worth of Shares In John Deere and Co.

By , Farms.com

One of the most successful U.S. business investors - Warren Buffett, CEO of Berkshire Hathaway recently invested in $330 million worth of shares in John Deere & Company, a well-known maker of tractors and agriculture equipment.

This move demonstrates that Buffett isn’t afraid to expand his portfolio into areas that he hasn’t traditionally invested in - like agriculture. 

Deere’s net income was at $3.07 billion for the full fiscal year- however it fell short of expectations of an estimated $3.12 billion– which can largely be attributed to unexpected cost increases. Deere shares have been trading $82 to $85 which is just short of its record high of slightly under $90 a share.


 
Comments
Wait until Warren expects his nearest JD dealership to be less than 50 miles away and have ANY part in stock when he gets there.
Posted by Harvey Wallbanger on 2/19/2015 10:00:27 AM
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