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Steve
11-22-2006, 10:05 PM
Do you ever buy Deere products? What do you think of them? It looks like a lot of people were buying Deere products this past year. Check out their profits! WOW.

What's your view on why the American auto industry is having such a rough time now but yet this American tractor company is going full speed ahead?

Deere posts record year for earnings (http://www.qctimes.net/articles/2006/11/22/news/local/doc4563f373bdf49536022243.txt) - Riding a strong fourth-quarter performance, Deere & Co. announced record year-end profits for the third consecutive year Tuesday while also warning of a sales slowdown and lower profits in 2007.

Deere posted net income of $277.3 million, or $1.20 per share, for the fourth quarter that ended Oct. 31.

For the full year, which also ended Oct. 31, Deere’s net income was $1.694 billion, or $7.18 per share, up from $1.447 billion, or $5.87 per share, a year ago.

http://www.qctimes.net/content/articles/2006/11/22/news/local/doc4563f373bdf49536022243.jpg

tiedeman
11-22-2006, 10:10 PM
I know that Deere has been offering a lot of great finance and buyer programs. John Deere to me has always been a very good quality company that products long lasting products. I have never personally bought a Deere product thought just because of how much they cost

Steve
11-22-2006, 10:13 PM
How much higher are they from other products on average would you say?

tiedeman
11-22-2006, 10:21 PM
In regards to price, they are probably anywhere from 30 to 40% higher

Steve
11-23-2006, 06:46 AM
How much of a better quality would you say they are compared to other manufacturers?

ritchiem
11-23-2006, 07:03 AM
We have 3 skid steers manufactured by Deere. It is not that the quality is a thousand times better then the next manufacturer, but they stand behind their products and they have a mobile warranty truck. You can also find parts quick and easy.

Well at least around here http://www.gophergraphics.com/forum/iB_html/non-cgi/emoticons/wink.gif