It's one of the unloved. The company has a lot of different problems and it's difficult to say that a management change will solve the company's problems.
The volume was slightly higher than we were expecting. And they're passing through costs.
The fact that it was all steel with weak industrial and automotive is not the most favorable mix. With the strength of the stock, profit taking is not uncommon, particularly after a quarter like this.
You're seeing a radically changed company, a radically improved company. There's recognition that Cummins is a changed company and a far better company than it has been at any time in the last few decades.
Anything Deere can do to reduce its debt burden when the market is soft makes sense.
The conventional consensus is these factors will produce a weaker market for farm equipment in 2006. December sales are a reflection of cash flow and tax planning, but do not reflect the outlook for the coming year.
The farm business is soft, and the construction and lawn and garden are carrying the company right now.
You've got to give them credit. They're showing better levels of profitability on lower volumes.
The company is at the right place at the right time.
He was a very dedicated, exceptionally knowledgeable analyst. He was not some dotcom kid.
