Deere Is Not Dear

Agricultural machinery giant Deere DE closed Tuesday at almost exactly the same price ($86.34) as it did five years ago. The springtime 2008 high was greater than $8 per share above that. At 2008's peak the forward price-to-earnings ratio (P/E) was greater than 20x and the yield was 1.1%.

Its current yearly P/E equals just 10.2x Value Line's fiscal 2013 estimate for the period ending Oct. 31, 2013. Deere's $0.51 quarterly dividend now provides a 2.36% current yield. That makes DE a beacon of sanity in a sea of stocks that are trading for higher-than-normal valuations....317 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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