Added to YB: 2026-05-25
Pitch date: 2026-05-22
DE [bullish]
Deere & Company
Author Info
No bio for this author
Company Info
Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services.
Market Cap
$142.9B
Pitch Price
N/A
Price Target
667.00
Dividend
1.22%
EV/EBITDA
23.36
P/E
29.98
EV/Sales
4.24
Sector
Machinery
Category
turnaround
Getting Paid to Wait at the Bottom of the Ag Cycle - $DE
DE (sold put): Q2 beat - EPS $6.55 vs $5.74 est (+14%), rev $13.37B vs $11.5B est (+16%). Stock down 7% to $530 on mgmt commentary, not fundamentals. Sold 460P Jul'26 @ $4.20, collecting $609k premium. Strike at bottom decile of 52wk range, pre-rally support zone. Mgmt calls 2026 'cycle bottom.' 4 straight EPS beats, $4.5-5.5B cash flow guide maintained, 56yr dividend streak. Analyst PT $667 (+26% upside). Selling premium into IV collapse.
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