Farm Equipment - AGCO annual meeting

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AGCO annual meeting

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Category: Allis Chalmers
Forum Name: Farm Equipment
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URL: https://www.allischalmers.com/forum/forum_posts.asp?TID=11347
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Topic: AGCO annual meeting

Posted By: Russ-neia
Subject: AGCO annual meeting
Date Posted: 21 Apr 2010 at 2:58pm

Annual meeting is tomorrow (Thursday, April 22). Anyone attending?

Would be nice to have a polite, informed and articulate person express our disappointment with the orange tractor decision while the board of directors, upper management and major STOCKHOLDERS were all present in the same room.

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The innovators offer what others will imitate.

Replies:

Posted By: TomYaz
Date Posted: 21 Apr 2010 at 3:37pm

Nice, but wont do any good IMHO. $$$ rules.

However, the first quarter 2010 numbers are due out next week:

"2010 First Quarter Earnings Release Conference Call is scheduled for Tuesday, April 27th at 10:00 a.m. Eastern Daylight Time. "

This will be the first full quarter since the stab in the back. Very curious to hear what the NA sales numbers will be....

Posted By: Oldoug
Date Posted: 21 Apr 2010 at 8:54pm

I think the N/A sales numbers will be very good if what is going on at our dealership is any indication of how the rest of the N/A market is going. We have serveral customers "buying while they still can" the new DTB series tractors along with the other AGCO orange tractors. Even my cousin purchased a new LT85A since the annoucement, it's scheduled for production this summer. I don't think AGCO will see the drop in sales until a few years down the road in N/A.

Posted By: EPALLIS
Date Posted: 22 Apr 2010 at 9:58pm

Any word on what happened at the annual meeting? I voted no on everything on the ballot.