Dividend Growth Forum

John Deere (DE) posted 1Q earnings:
http://seekingalpha.com/pr/16241056-deer...54-million
In their earnings release, it showed that their shares outstanding declined year over year by over 8%!  That's huge!

Also, Warren Buffett recently added to his DE stake:
http://seekingalpha.com/news/3118546-buf...take-deere

Curious what everyone's thoughts are on DE.  I like it for the long term, especially as quickly as they are retiring shares.  This is a cyclical company, and I'm glad they are increasing their buyback these past couple of years (They really increased it a lot 2014 & 2015) as they are in the trough of their cycle.  That's an intelligent allocation of capital on behalf of shareholders.

I like the company. It's been on my watch list for a while now, but just have never purchased it. I do like that they retired a lot of stock while the prices are down.

It is a well-run company that is struggling with the current downside of the ag cycle. It may be a while yet before you see it turn, but as you guys said, it's great to see management taking advantage of the low prices to retire a bunch of shares.