Deere (NYSE: DE) stock is up 167% in the last five years, crushing the performance of the S 500 and even the Nasdaq Composite. The stock's run-up is backed by a bottom-line boom as strong agriculture and construction industry performance has supported spending on new machinery and earthmoving equipment.

There are a lot of questions on investors' minds. How long can Deere keep it up? If customers just bought new machinery, why would they lay out more capital in the short term? Is Deere stock overvalued if its profits fall?

Let's put these concerns out in the open to see if the best is over for Deere stock or if there's a better way to look at this blue chip investment opportunity.

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Source Fool.com