take agco, symbol agco. the third largest maker and distributor of agricultural equipment on earth. gets the majority of its sales from tractors but it also does make combines, hay tools, forge equipment, self-propelled sprayers, grain storage, interesting growth business. livestock feeding systems. along with an entire line of diesel engines. right now the ag environment is tough, no question. crop prices are down versus last year. which means farmers are spending less on new equipment worldwide. but agco's not about to let these headwinds stop them. the company's gotten aggressive about cutting costs. they're optimizing their dealer network to take share. and they've got a monster buyback. last quarter alone they repurchased $290 million for the stock. that's equal to 5.5% of the market cap. when agco reported last week the company blew away the estimates. 1.03. massive beat on higher than expected revenues. but even though agco still maintained upside guidance for the full year the stock got hit after the quarter because investors were worried about weakness in the broader ag equ