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Machinery Industry Looks to Benefit as Companies Can Write Off Up to $500k in New Asset Purchases Under Fiscal Cliff Deal

The Paragon Report Provides Stock Research on Deere & Company and Titan Machinery

NEW YORK, NY -- (Marketwire) -- 01/07/13 -- The Machinery Industry surged last Friday as an analyst praised some benefits from the recent "fiscal cliff" deal and as a report from the Commerce Department showed back -to-back increases for capital goods. Orders for core capital goods gained 2.6 percent in November, following a 3 percent increase in October, which was its largest gain in nearly a year. The Paragon Report examines investing opportunities in the Machinery Industry and provides equity research on Deere & Company (NYSE: DE) and Titan Machinery Inc. (NASDAQ: TITN).

Access to the full company reports can be found at:
www.ParagonReport.com/DE
www.ParagonReport.com/TITN

Jeffries' analyst Stephen Volkmann in a recent note to clients wrote that under the new "fiscal cliff" legislation companies in 2013 are now allowed to write off as much as $500,000 in new asset purchases. The large amount comes as a surprise to many as the limit was expected to be reduced by $25,000 with the expiry of the Bush era tax cuts.

"Equipment purchasers will continue to be able to use the purchase of equipment as an offset to their overall tax burden. The result will be a continuation of the elevated prices for agriculture and construction used equipment," Volkmann wrote.

Paragon Report releases regular market updates on the Machinery Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.

Deere & Company, along with its subsidiaries, operates in three segments: agriculture and turf segment, construction and forestry segment and financial services segment. The company currently offers investors an annual dividend of $1.84 per share for a dividend yield of approximately 2.1 percent. Deere is scheduled to release their first quarter 2013 earnings on February 13, 2013.

Titan Machinery owns and operates a network of full service agricultural and construction equipment stores in the United States and Europe. The Titan Machinery network consists of 104 North American dealerships and 13 European dealerships. Shares of the company have gained 18.5 percent in the past year.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
http://www.paragonreport.com/disclaimer

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