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Down 24% In 1 Month, This Dirt Cheap Dividend Stock Looks Like a Great Value

Daniel Foelber, The Motley Fool
·5-min read
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. Here's what's going on with Deere and why the agriculture stock is a buy despite some concerns. Deere is a cyclical stock whose earnings tend to rise and fall to the tune of the broader agriculture, construction, and forestry industries.

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