Salient to Investors:
Berkshire Hathaway disclosed a stake in Deere, Precision Castparts, and Wabco Holdings and cut consumer products stocks including Johnson & Johnson and Procter & Gamble in Q3. Berkshire has been reducing holdings of consumer-products stocks in 2012.
Eli Lustgarten at Longbow Research said there is a massive need to increase productivity in the world’s farm belts – Deere is the global leader with best technology, best-management.
Stephen Volkmann at Jefferies Berkshire already have a toe in the farm pond.
Read the full article at http://www.bloomberg.com/news/2012-11-15/berkshire-takes-deere-stake-as-buffett-deputies-build-portfolios.html