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Gehl Company: Dependence on Residential Construction Overstated

I find Jerry Helzner's article from Sept 6, 2007 on Gehl to be false, irresponsible and blatantly misleading. In this article, Jerry explicitly states that:


"To me, this is an extremely low valuation for a company that is second only to Deere in providing a variety of equipment for the agricultural market and that I would also term "CAT-lite" in its sales to the construction market."


This statement is flat out false and misleading to all readers. Gehl announced nearly 18 months ago that they were exiting the agricultural implements business. Gehl recognized charges associated with this event in FY2006. I would expect that Jerry personally would issue a correction on this immediately.

Even more disturbing, this is the second article in as many months put out by SeekingAlpha.com that makes this claim regarding Gehl. Please confirm with me that I will be seeing a a public statement by SeekingAlpha.com correcting these errors.

For your information, here is the announcement by Gehl: gehl.com/Investor%20Re...

Posted at the request of:
Mick Weinstein
Editor in Chief
Seeking Alpha