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Deere and Co

Deere and Co (DE)

378.06
-2.58
(-0.68%)
Closed July 20 4:00PM
378.06
0.00
(0.00%)
After Hours: 7:51PM

Professional-Grade Tools, for Individual Investors.

Key stats and details

Current Price
378.06
Bid
-
Ask
-
Volume
1,073,263
377.18 Day's Range 382.34
345.935 52 Week Range 450.00
Market Cap
Previous Close
380.64
Open
380.00
Last Trade
67
@
378.18
Last Trade Time
Financial Volume
$ 406,301,611
VWAP
378.5667
Average Volume (3m)
1,468,556
Shares Outstanding
275,570,318
Dividend Yield
1.52%
PE Ratio
10.25
Earnings Per Share (EPS)
36.89
Revenue
61.54B
Net Profit
10.17B

About Deere and Co

Deere is the world's leading manufacturer of agricultural equipment, producing some of the most recognizable machines in the heavy machinery industry. The company is divided into four reportable segments: production and precision agriculture, small agriculture and turf, construction and forestry, an... Deere is the world's leading manufacturer of agricultural equipment, producing some of the most recognizable machines in the heavy machinery industry. The company is divided into four reportable segments: production and precision agriculture, small agriculture and turf, construction and forestry, and John Deere Capital. Its products are available through a robust dealer network, which includes over 1,900 dealer locations in North America and approximately 3,700 locations globally. John Deere Capital provides retail financing for machinery to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Deere product sales. Show more

Sector
Farm Machinery And Equipment
Industry
Farm Machinery And Equipment
Website
Headquarters
Wilmington, Delaware, USA
Founded
1970
Deere and Co is listed in the Farm Machinery And Equipment sector of the New York Stock Exchange with ticker DE. The last closing price for Deere was $380.64. Over the last year, Deere shares have traded in a share price range of $ 345.935 to $ 450.00.

Deere currently has 275,570,318 shares outstanding. The market capitalization of Deere is $104.89 billion. Deere has a price to earnings ratio (PE ratio) of 10.25.

Deere (DE) Options Flow Summary

Overall Flow

Bullish

Net Premium

593k

Calls / Puts

109.09%

Buys / Sells

73.91%

OTM / ITM

84.00%

Sweeps Ratio

0.00%

DE Latest News

HSBC Names New CEO, Tesla Moves Headquarters to Texas, ASML Faces Trade Restrictions, GitLab Considers Sale

HSBC Holdings (NYSE:HSBC) – HSBC has appointed Georges Elhedery, its current Chief Financial Officer, as the new CEO, reinforcing its strategy of continuity and growth. He will succeed Noel...

John Deere and Employees Extend Support to Rock Valley, Iowa Community in Wake of Devastating Floods

John Deere and Employees Extend Support to Rock Valley, Iowa Community in Wake of Devastating Floods PR Newswire MOLINE, Ill., July 8, 2024 MOLINE, Ill., July 8, 2024 /PRNewswire/ -- In the...

USO and John Deere Join Forces To Support Those Who Serve

USO and John Deere Join Forces To Support Those Who Serve PR Newswire MOLINE, Ill., July 4, 2024 The two-year commitment strengthens USO support of military service members and their...

John Deere Helps Increase Access to Higher Ed

John Deere Helps Increase Access to Higher Ed PR Newswire MOLINE, Ill., June 3, 2024 $6.6M Commitment Creates John Deere Scholarship Program MOLINE, Ill., June 3, 2024 /PRNewswire/ -- A...

Deere & Company Announces Quarterly Dividend

Deere & Company Announces Quarterly Dividend PR Newswire MOLINE, Ill., May 29, 2024 MOLINE, Ill., May 29, 2024 /PRNewswire/ -- The Deere & Company (NYSE: DE) Board of Directors today...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
113.563.72016460905364.5390.34363.131437055377.18739866CS
40.10.026457826225377.96390.34345.9351581377368.30982212CS
12-14.56-3.70842035556392.62417.465345.9351468556380.10419714CS
26-4.55-1.18920049136382.61417.465345.9351497521382.80292532CS
52-54.19-12.5367264315432.25450345.9351523466386.82889521CS
15643.0612.8537313433335450283.811635000378.9278659CS
260214.01130.454129838164.05450106.141700013312.22827618CS

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DE Discussion

View Posts
DewDiligence DewDiligence 3 days ago
DE dials back on DEI:

https://www.wsj.com/business/deere-slashes-diversity-initiatives-after-backlash-from-conservative-activist-24424500 Deere, the world’s largest seller of farm equipment, said it would ensure the absence of what it described as “socially motivated messages” from company-mandated training materials and policies unless otherwise required. It also pledged to reaffirm that “the existence of diversity quotas and pronoun identification” aren’t, and never have been, company policy.
👍️0
Staypositive1 Staypositive1 1 week ago
Lol....are you watching?? Are you not recognizing the economic downturn....Grains all went into a bear market....not just the United States. infrastructure spending is only minimal. US economy is on life support. It's being pumped by every media outlet across the US.
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DewDiligence DewDiligence 1 month ago
DE is a very different company than it was during previous downturns in the ag cycle. Yes, DE is still a cyclical company, but it is much better equipped to handle cyclical downturns than it used to be.

Your use of the word, “slaughtered” is off-base, IMO.
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DewDiligence DewDiligence 1 month ago
Correction—DE’s layoff does not change the company’s financial guidance for FY2024:

https://www.sec.gov/ix?doc=/Archives/edgar/data/0000315189/000155837024008911/de-20240531x8k.htm

A prior post, which inadvertently omitted the word, “not,” has been deleted.
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Staypositive1 Staypositive1 1 month ago
Ag economy is 3 years away from coming out of their recession unless a major weather event happens. This company is about to be slaughtered.
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Staypositive1 Staypositive1 2 months ago
The one sector farmers will spend money on is planters. Find out how many planters are on order ....or better yet how many employees are working in Planter works(thats what JD calls their planter factory)... People have been laid off there for almost 6 months......just saying be careful...Papa Deere is going to slash.
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Staypositive1 Staypositive1 2 months ago
I'm not....that will start getting heavily cut this next qtr. layoffs can only get u through 2 qtrs after that it's dividends. next wtr expect a huge dividend cut.
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bar1080 bar1080 2 months ago
You're ignoring Deere's steady earnings and dividend increases over the past decade.
👍️0
Staypositive1 Staypositive1 2 months ago
In the conference call they made no mention of more layoffs or driving down inventory even further. Maybe I shouldn't have said lie. I should have said never told the whole truth.

I work in this sector and agriculture is in a MAJOR recession....Farmers have pretty much closed their checkbook. Inflation has hit them for the last 10 years and now interest rates are putting the squeeze on. Deere cannot avoid a major hit here. Layoffs aren't going to save them from this recession.
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bar1080 bar1080 2 months ago
I skimmed Taleb's book, The Black Swan when it came out. Got nothing from it. He launched several investment funds a decade ago. All performed poorly as I recall.
👍️0
bar1080 bar1080 2 months ago
"At the most basic level, optionality just means having lots of options."

"MBAs love to talk about “optionality” and how they want more of it. But you don’t need an MBA to explain yourself by saying you’re “Keeping your options open.” Optionality is the Millennial lodestar: we keep our options open."

Abhorrent biz speak
👍️0
DewDiligence DewDiligence 2 months ago
It's a common buzzword in business. In any event, I don't see where DE said anything misleading, as the other poster alleged.
👍️ 1
bar1080 bar1080 2 months ago
I see that now, but about as strange using optionality.
👍️0
DewDiligence DewDiligence 2 months ago
The word used was, "optionality" (not operationality). It means the same as "option."
👍️0
bar1080 bar1080 2 months ago
"The key here, is that by staying ahead of demand changes, we’re giving ourselves the optionality to react most efficiently to whichever way the market moves in the next year."

Does anyone really use the word Operationality? LOL Not likely in the AG business.

A lie? I don't even know what it says
👍️0
DewDiligence DewDiligence 2 months ago
Huh? The excerpt you posted is in the CC transcript.
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Staypositive1 Staypositive1 2 months ago
Deere lied on their conference call. This is going to end badly.

No direct mention of these were made in the earnings call, although there was much emphasis placed on cost control measures.

“We ended 2023 with really low levels of large tractor inventory, but we think it’s prudent to drive those levels even lower as we close out our 2024.

“The key here, is that by staying ahead of demand changes, we’re giving ourselves the optionality to react most efficiently to whichever way the market moves in the next year.”
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bar1080 bar1080 2 months ago
Deere Q Dividends

Mar 27, 2024 1.47 Dividend
Dec 28, 2023 1.47 Dividend
Sep 28, 2023 1.35 Dividend
Jun 29, 2023 1.25 Dividend
Mar 30, 2023 1.25 Dividend
Dec 29, 2022 1.20 Dividend
Sep 29, 2022 1.13 Dividend
Jun 29, 2022 1.13 Dividend
Mar 30, 2022 1.05 Dividend
Dec 30, 2021 1.05 Dividend
Sep 29, 2021 1.05 Dividend
Jun 29, 2021 0.90 Dividend
Mar 30, 2021 0.90 Dividend
Dec 30, 2020 0.76 Dividend
Sep 29, 2020 0.76 Dividend
👍️0
DewDiligence DewDiligence 2 months ago
DE FY2Q24 CC transcript:

https://finance.yahoo.com/news/q2-2024-deere-co-earnings-062101616.html
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DewDiligence DewDiligence 2 months ago
Addendum—DE is +1,300% during the past 15 years, not counting reinvested dividends.
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DewDiligence DewDiligence 2 months ago
At the current share price (~$399 as I’m typing), the FY2024 EPS guidance of $25.18 equates to a FY2024 P/E ratio of ~15.8x.
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DewDiligence DewDiligence 2 months ago
DE FY2Q24 CC slides:

https://s22.q4cdn.com/253594569/files/doc_financials/2024/q2/DE-2Q24-Earnings-Call-Slides-Presentation.pdf
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DewDiligence DewDiligence 2 months ago
DE reports FY2Q24* results—reduces FY2024* guidance again:

https://s22.q4cdn.com/253594569/files/doc_financials/2024/q2/DE-2Q24-News-Release.pdf

• FY2023* was a peak-cycle year for DE, so FY2024 is a down year, although still the second-best earnings year in the company's history, based on current guidance.

• FY2Q24 product sales (excluding revenue from DE’s finance unit) were $13.6B, -16% YoY, but above the Wall Street consensus figure of $1326B.

• FY1Q24 GAAP EPS was $8.53, -12% YoY, but above the Wall Street consensus figure of $7.86.

• DE lowered guidance for FY2024 net income to $7.0B (from the prior range of $7.50-7.75B three months ago and $7.75-8.25B six months ago). Based on 278M diluted shares @4/30/24, DE’s FY2024 net-income guidance equates to FY2024 GAAP EPS of $25.18, -27% relative to the actual $34.63 in FY2023.

*DE’s fiscal years end on Oct 31; FY2Q24 spanned the period from 2/1/24 to 4/30/24.
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DewDiligence DewDiligence 5 months ago
DE FY1Q24 CC transcript:

https://finance.yahoo.com/news/q1-2024-deere-co-earnings-075048457.html
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DewDiligence DewDiligence 5 months ago
At the current share price (~$367 as I’m typing), the DE's FY2024 EPS guidance equates to a FY2024 P/E ratio of 13.6x.
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DewDiligence DewDiligence 5 months ago
DE FY1Q24 CC slides:

https://s22.q4cdn.com/253594569/files/doc_financials/2024/q1/DE-1Q24-Earnings-Call-Presentation.pdf
👍️0
DewDiligence DewDiligence 5 months ago
FY2023 was a peak-cycle year for DE, so FY2024 is a down year, although still the second-best earnings year in the company's history, based on current guidance.
👍️0
DewDiligence DewDiligence 5 months ago
DE reports FY1Q24* results—reduces FY2024* guidance:

https://s22.q4cdn.com/253594569/files/doc_financials/2024/q1/DE-1Q24-News-Release.pdf

• FY1Q24 product sales (excluding revenue from DE’s finance unit) were $10.5B -24% YoY, but above the consensus figure of $10.3B.

• FY1Q24 GAAP EPS was $6.23, -5% YoY and below the consensus figure of $6.55.

• DE lowered guidance for FY2024 net income to $7.50-7.75 (from the prior range of $7.75-8.25B). Based on 281M diluted shares @1/31/24, DE’s FY2024 net-income guidance equates to FY2024 GAAP EPS of $26.70-27.20. At the midpoint of the range ($26.95), the FY2024 EPS guidance is -22% YoY relative to $34.63 in FY2023.
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bar1080 bar1080 7 months ago
It's almost impossible to beat Cintas Corp, which has been spectacular for several decades. Prior to 2021 CTAS only paid one annual dividend each year, but always growing rapidly
Date Dividends
Aug 14, 2023 1.35 Dividend
May 12, 2023 1.15 Dividend
Feb 14, 2023 1.15 Dividend
Nov 14, 2022 1.15 Dividend
Aug 12, 2022 1.15 Dividend
May 13, 2022 0.95 Dividend
Feb 14, 2022 0.95 Dividend
Nov 12, 2021 0.95 Dividend
Aug 12, 2021 0.95 Dividend
May 13, 2021 0.75 Dividend
Feb 11, 2021 0.75 Dividend
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bar1080 bar1080 7 months ago
Deere Quarterly Dividends since 2020
Date Dividends
Sep 28, 2023 1.35 Dividend
Jun 29, 2023 1.25 Dividend
Mar 30, 2023 1.25 Dividend
Dec 29, 2022 1.20 Dividend
Sep 29, 2022 1.13 Dividend
Jun 29, 2022 1.13 Dividend
Mar 30, 2022 1.05 Dividend
Dec 30, 2021 1.05 Dividend
Sep 29, 2021 1.05 Dividend
Jun 29, 2021 0.90 Dividend
Mar 30, 2021 0.90 Dividend
Dec 30, 2020 0.76 Dividend
Sep 29, 2020 0.76 Dividend
👍️0
DewDiligence DewDiligence 7 months ago
Never seen anything like this before from any company.
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bar1080 bar1080 7 months ago
Amazing
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DewDiligence DewDiligence 7 months ago
DE raises dividend sixth time in past 2.5 years:

https://www.sec.gov/Archives/edgar/data/315189/000155837023019502/de-20231206xex99d1.htm

The new annualized payout is $5.88, up from: $5.40 in Aug 2023; $5.00 in Feb 2023; $4.80 in Dec 2022; $4.52 in May 22; $4.20 in Aug 2021; and $3.60 prior to Aug 2021.

At the current share price (~$366), the new annualized payout equates to a yield of 1.6%.
👍️0
DewDiligence DewDiligence 8 months ago
DE FY4Q23 CC transcript:

https://finance.yahoo.com/news/q4-2023-deere-co-earnings-052533425.html
👍️0
DewDiligence DewDiligence 8 months ago
DE reports FY4Q23* results—issues (down) FY2024* guidance:

https://www.deere.com/assets/pdfs/common/news/deere-4q23-earnings-release.pdf

• FY4Q23 product sales (excluding revenue from DE’s finance unit) were $13.8B, -4% YoY.

• FY4Q23 GAAP EPS was $8.26, +11% YoY.

• DE issued new guidance for FY2024 net income of $7.75-8.25B. Based on 285M diluted shares @10/31/23, DE’s FY2024 net-income guidance equates to FY2024 GAAP EPS of $27.20-28.95, -16-21% YoY relative to $34.63 in FY2023, but +17-24% relative to $23.28 in FY2022.

The stock is down ~5% in PM trading, presumably on the FY2024 guidance. Most investors realized that FY2023 was likely going to be the top of the current ag and construction cycle, but the magnitude of the reduction in FY2024 net-income guidance relative to FY2023 is larger than many investors probably expected.

At the current share price (~$363 as I’m typing), the FY2024 EPS guidance equates to a FY2024 P/E ratio of about 13.


CC slides:
https://s22.q4cdn.com/253594569/files/doc_financials/2023/q4/DE-4Q23-Earnings-Call-Presentation.pdf

*DE’s fiscal years end on Oct 31; FY4Q23 spanned the period from 8/1/23 to 10/31/23.
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DewDiligence DewDiligence 9 months ago
DE FY4Q23 CC 11/22/23 9am ET.
👍️0
bar1080 bar1080 11 months ago
Date Dividends
Jun 29, 2023 1.25 Dividend
Mar 30, 2023 1.25 Dividend
Dec 29, 2022 1.2 Dividend
Sep 29, 2022 1.13 Dividend
Jun 29, 2022 1.13 Dividend
Mar 30, 2022 1.05 Dividend
Dec 30, 2021 1.05 Dividend
Sep 29, 2021 1.05 Dividend
Jun 29, 2021 0.9 Dividend
Mar 30, 2021 0.9 Dividend
Dec 30, 2020 0.76 Dividend
Sep 29, 2020 0.76 Dividend
Jun 29, 2020 0.76 Dividend
Mar 30, 2020 0.76 Dividend
Dec 30, 2019 0.76 Dividend
Sep 27, 2019 0.76 Dividend
Jun 27, 2019 0.76 Dividend
Mar 28, 2019 0.76 Dividend
Dec 28, 2018 0.76 Dividend
Sep 27, 2018 0.69 Dividend
👍️0
DewDiligence DewDiligence 11 months ago
DE boosts dividend fifth time_in past two years:

https://www.sec.gov/Archives/edgar/data/315189/000155837023015338/de-20230830xex99d1.htm

The new annualized payout is $5.40, up from: $5.00 in Feb 2023; $4.80 in Dec 2022; $4.52 in May 22; $4.20 in Aug 2021; and $3.60 prior to Aug 2021.

In other words, DE has raised the dividend by a cumulative 50%(!) in the past two years.

At the current share price ($413), the new annualized payout is a yield of 1.3%.
👍️0
DewDiligence DewDiligence 11 months ago
DE FY3Q23 CC transcript:

https://finance.yahoo.com/news/q3-2023-deere-co-earnings-042634735.html
👍️0
DewDiligence DewDiligence 11 months ago
DE reports FY3Q23* results— raises fiscal-year guidance again:

https://www.deere.com/assets/pdfs/common/news/deere-3q23-earnings-release.pdf

FY3Q23 was another excellent quarter in all operating segments. Price increases more than offset increased production costs, and DE expects this to be true during all of FY2023.

• FY3Q23 product sales (excluding revenue from DE’s finance unit) were $14.3B, +10% YoY.

• FY3Q23 GAAP EPS was $10.20, +66% YoY.

DE again raised FY2023 net-income guidance to a range of $9.75-10.0B (up from $9.25-9.50B three months ago and $8.75-9.25B six months ago).

Based on 292M diluted shares @7/31/23, DE’s FY2023 net-income guidance equates to FY2023 GAAP EPS of $33.40-34.25, +43-47% YoY relative to $23.28 in FY2022, and +76-80%(!) relative to $18.99 in FY2021.

At the current share price (~$400 as I’m typing), the FY2023 EPS guidance equates to a FY2023 P/E ratio of about 12.

The stock is down today because investors are apparently concluding that the global agricultural-equipment market cannot get any better.

CC slides:
https://s22.q4cdn.com/253594569/files/doc_financials/2023/q3/DE-3Q23-Earnings-Call-Presentation.pdf

*DE’s fiscal years end on Oct 31; FY3Q23 spanned the period from 5/1/23 to 7/31/23.
👍️0
Bountiful_Harvest Bountiful_Harvest 11 months ago
Why Deere (DE) is a Top Stock for the Long-Term

https://finance.yahoo.com/news/why-deere-top-stock-long-133004850.html

https://seekingalpha.com/article/4619123-deere-stock-strong-demand-automated-solutions

https://www.tipranks.com/news/article/deere-stock-nysede-ai-upside-doesnt-look-priced-in-yet

https://finmasters.com/stock-calculator/?sa=DE&d=20040810&a=20000

👍️0
Bountiful_Harvest Bountiful_Harvest 12 months ago
John Deere to discuss state of agrobotics in RoboBusiness keynote:

https://www.therobotreport.com/john-deere-to-discuss-state-of-agrobotics-in-robobusiness-keynote/

John Deere Announces New Partnership With EGO:

https://www.deere.com/en/news/all-news/john-deere-announces-new-partnership-with-ego/

👍️0
bar1080 bar1080 12 months ago
"Deere makes major announcement about future of lawn equipment: ‘[We want] to serve our evolving customers’"

"For millions of homeowners, mowing the law just got a whole lot greener now that lawncare giants John Deere and EGO are working together, Electrek reported.

EGO is a leading supplier of battery-powered lawn equipment that runs on interchangeable 56-volt lithium-ion batteries, which the company says are equal to or greater than the power of gas-powered motors.

Under the agreement, EGO’s over 70 battery-powered lawn care products will be available at John Deere dealers in Canada and the U.S. this fall, according to Electrek. The publication further reported that the companies are in talks to develop future equipment together.

Lawn care equipment is a major contributor to the pollution blanket overheating our planet. The Portland Press Herald reported that data from the Environmental Protection Agency (EPA) showed that gasoline-powered equipment like lawnmowers and leaf blowers produce around 242 million tons of pollutants annually, an amount equal to that of cars and houses."

"What’s more, the EPA estimated that upward of 17 million gallons of gasoline is spilled each year while refueling lawn equipment, polluting and degrading soil, and ending up in our water"

https://news.yahoo.com/john-deere-makes-major-announcement-110000162.html
👍️ 1
bar1080 bar1080 12 months ago
I didn't realize today was Deere's all-time high. Not totally thrilled because I had intended to buy much more DE before it took off.

👍️0
Monksdream Monksdream 12 months ago
DE new 52 week high
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bar1080 bar1080 1 year ago
"California woman lying in grass killed by Deere lawnmower, a advocates, family question police"

https://www.usatoday.com/story/news/nation/2023/07/19/christine-chavez-lawnmower-killing-modesto-concerns/70433060007/
👍️0
bar1080 bar1080 1 year ago
yes lots considering..."Our data suggests that insiders own under 1% of Deere & Company in their own names. As it is a large company, we'd only expect insiders to own a small percentage of it. But it's worth noting that they own US$144m worth of shares.

https://simplywall.st/stocks/us/capital-goods/nyse-de/deere/news/after-losing-10-in-the-past-year-deere-company-nysede-instit
👍️0
DewDiligence DewDiligence 1 year ago
DE CEO sells ~$22M of stock in 10b5-1 plan:

https://www.sec.gov/Archives/edgar/data/315189/000031518923000020/xslF345X04/primary_doc.xml

That’s a lot of stock.
👍️0
bar1080 bar1080 1 year ago
Was just reviewing my stocks especially the DE I bought about three weeks ago
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DewDiligence DewDiligence 1 year ago
Are you referring to #msg-172016968?
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