Quick follow-up, what advantages does CNH have over John Deer in the long run? Or they just mutual benefit from farming market growth like Home Depot and Lowe’s?
John Deere is the indisputable leader in the precision farming era and I think its valuation is also un-demanding. But, as you know, I am a "cheap guy" and the risk reward for CNH, in my view, is a bit more attractive. Deere is a fabulous company, no doubt about that.
Great reflections!
Quick follow-up, what advantages does CNH have over John Deer in the long run? Or they just mutual benefit from farming market growth like Home Depot and Lowe’s?
John Deere is the indisputable leader in the precision farming era and I think its valuation is also un-demanding. But, as you know, I am a "cheap guy" and the risk reward for CNH, in my view, is a bit more attractive. Deere is a fabulous company, no doubt about that.