In March I wrote an article in which I argued that Lindsay Corporation (NYSE:LNN) is an excellent way for investors to get exposure to the secular bull market in agricultural commodities. I suggested that while the shares offered good value that they were trading near multi-year highs, and therefore prudent long-term investors should wait for a pullback. The pullback has come, and with a greater magnitude than I expected--shares have fallen from $92/share to $74/share. Nevertheless my thesis remains solidly intact, and this claim is bolstered by the company's two solid earnings releases since that article was written.
While I have a very positive outlook on Lindsay shares, one thing has, and continues to annoy me about the...
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