Deere seems to have bad relations with their employees, customers, and regulatory bodies.
The shareholders should remove the board of directors.
https://www.desmoinesregister.com/story/money/business/2021/...
Deere seems to have bad relations with their employees, customers, and regulatory bodies.
The shareholders should remove the board of directors.
https://www.desmoinesregister.com/story/money/business/2021/...
Firing a board is generally risky, and the shareholders probably haven't fired them because even though the board has, almost objectively, not been good - firing them is likely even worse for the stock short term, and there aren't a lot of long-term, active investors left in the world.
More often, companies shill bullshit, inestimable long-term growth (AI-bullshit for example) to pump price. Tesla is the poster-child of this strategy.
In contrast, short-term thinking/marketing is a sure fire way to annihilate a stock. Why would the next buyer pay a premium for a squeezed orange?
The dark reality is that most things we customers and employees complain about as “short-term thinking” are tremendously profitable over the long run.
Yes, future earnings are worth far less than current earnings - especially in a non-ZIRP world.
It is only after stocks suffer severe shocks, does private equity spring into action, and discipline executives via the threat of acquisition & firings.
So its is actually executives that can be shortsighted, not an ultra-long-termist passive investment dominated US investor base.
It's not in the interest of shareholders to buy into tactics that pump up share price at the end of a quarter but we're talking about an information disadvantage; the seller is rearranging their books with respect to intangibles to deceive the buyer.
I could see only long-term earnings being available but that's something quite different. Shareholders are often willing to put up with that situation, as long as they believe the long-term story (and see that other investors believe it).
A situation that could make short-term share price increases unlikely is if the stock is just way overvalued for its likely earnings in any reasonable timeframe, in which case shareholders will happily take profits rather than try to make the company change anything.