Agco. The agricultural machinery firm is in the middle of a sweet spot as it enjoys surging demand for combines and tractors on the back of historically high grain prices. Approximately 65% of sales are generated from tractors. Geographically, 56% of sales come from Europe, 17% from Latin America, 17% N. America, and the balance from Asia. We expect acceleration in earnings and free cash flow over the next two years, as grain prices remain high, boosting farmers' pockets.
| Sedol |
Type |
Price |
Date |
| 2010278 |
Buy |
USD 66.00 |
05/03/2008 | |
