Down 24% In 1 Month, This Dirt Cheap Dividend Stock Looks Like a Great Value
Deere & Company (NYSE: DE) crushed fiscal 2022 second-quarter (ended May 1) revenue and earnings on Friday -- reporting a 17% year-over-year increase in net income and excellent growth despite supply chain and inflation headwinds. Yet the stock collapsed by over 14% on the day following the release, its worst daily decline since 2008. The sell-off contributed to a 23.7% decline since the stock's all-time high -- which was achieved a little over a month ago on April 14.
Here's what's going on with Deere and why the agriculture stock is a buy despite some concerns.
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Source Fool.com
