Considering Current Ag Conditions, Canadian Dealers RME, CVL Post Decent 1Q16 Earnings

Both of Canada’s two publicly held farm equipment dealership groups posted their earnings since the beginning of the month: Rocky Mountain Dealerships (RME) on May 2 and Cervus Equipment (CVL) on May 11. Considering the ongoing downturn in agriculture worldwide, the two dealer groups posted decent numbers and say they’re expecting improving conditions in 2016.

In his analyses of RME and CVL, Ben Cherniavsky, machinery analyst for Raymond James, commented on the outlook for Canadian…

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