The conventional consensus is these factors will produce a weaker market for farm equipment in 2006. December sales are a reflection of cash flow and tax planning, but do not reflect the outlook for the coming year.
More Quotes from Eli Lustgarten:
(Cummins) had higher revenue and slightly lower profitability for the quarter, but even so it's a very fine quarter. Without the tax benefits, the company didn't match expectations or match up to the stock's performance of the past few weeks, which has apparently disappointed some on the market.Eli Lustgarten
You've got to give them credit. They're showing better levels of profitability on lower volumes.
Eli Lustgarten
Anything Deere can do to reduce its debt burden when the market is soft makes sense.
Eli Lustgarten
You're seeing a radically changed company, a radically improved company. There's recognition that Cummins is a changed company and a far better company than it has been at any time in the last few decades.
Eli Lustgarten
The fact that it was all steel with weak industrial and automotive is not the most favorable mix. With the strength of the stock, profit taking is not uncommon, particularly after a quarter like this.
Eli Lustgarten
It's one of the unloved. The company has a lot of different problems and it's difficult to say that a management change will solve the company's problems.
Eli Lustgarten
Readers Who Like This Quotation Also Like:
Based on Topics: Contemplation Quotes, Planning Quotes, Sales QuotesNothing to do but work, Nothing to eat but food, Nothing to wear out but clothes, To keep one from going nude.
Benjamin Franklin King
Nothing in biology makes sense except in the light of evolution.
Theodosius Dobzhansky
With sixty staring me in the face, I have developed inflammation of the sentence structure and definite hardening of the paragraphs.
James Thurber