Deere & Company
DE
position
long
Bruce Greenwald & Mark Cooper
Thesis
Deere is undergoing significant internal changes that the market has not fully appreciated, including a modernization of its manufacturing process and a shift in sales compensation to focus on profitability rather than just sales volume. These changes, combined with cyclical and secular tailwinds in the agricultural sector, position Deere for a competitive advantage and potential growth.
Did it work?
inconclusive
confidence: low
Without specific price performance data or a defined time frame since the pitch, it's difficult to assess whether the thesis has played out. The internal changes and market dynamics mentioned could take time to manifest in stock performance, making it uncertain at this point. Therefore, the confidence in the outcome is low.
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