{"podcast":{"title":"Charged Alpha Stock Encyclopedia","slug":"charged-alpha-stock-encyclopedia-7819792","podcast_index_feed_id":7819792,"rss_url":"https://feed.podbean.com/chargedalpha/feed.xml","website_url":"https://chargedalpha.podbean.com","image_url":"https://pbcdn1.podbean.com/imglogo/image-logo/22241603/charged_alpha_logo_2048.png","author":"Colton Thomas","episode_count":1034,"summary":"Charged Alpha reviews earnings for each stock in the Russel 1000 every quarter. Each podcast gives thorough analysis, along with an in-depth profile in the beginning of the episode of the company, what they do, how they earn money and what to look for.","last_synced_at":"2026-07-18T10:20:29.083898+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792"},"episode":{"title":"LNN Stock: Lindsay Is a Quality Compounder in a Farm Slump — But Is It Too Expensive?","slug":"lnn-stock-lindsay-is-a-quality-compounder-in-a-farm-slump-but-is-it-too-expensive","published_at":"2026-07-08T02:53:51+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/lnn-stock-lindsay-is-a-quality-compounder-in-a-farm-slump-but-is-it-too-expensive","show_page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792","url":"https://chargedalpha.podbean.com/e/lnn-stock-lindsay-is-a-quality-compounder-in-a-farm-slump-%e2%80%94-but-is-it-too-expensive/","audio_url":"https://mcdn.podbean.com/mf/web/0ijvwairfh6ppsbf/audio_e.mp3","summary":"Lindsay (LNN) Q3 FY2026 — Revenue fell 5% to $160.8M and EPS slipped to $1.53 as the ag down-cycle pressured irrigation, while infrastructure grew 8% and the MENA project lifted backlog. Lindsay is a rare thing: a net-cash, moat-owning compounder (Zimmatic irrigation + the Road Zipper) aggressively buying back its own stock right through a farm recession. The catch is the price — roughly 23x trough earnings. THE CALL: HOLD (3/5, FULLY VALUED) — base-case value ~$111 vs ~$115 today. KEY METRICS: - Q3 revenue: $160.8M (−5% YoY); diluted EPS $1.53 (vs $1.78); operating margin 11.5% (from 14.0%) - Segments: Irrigation $133.0M (−7%) — NA $61.3M (−11%), Int'l $71.7M (−4%); Infrastructure $27.7M (+8%) - Segment operating margin: Infrastructure 19.5%, Irrigation 15.3%, Consolidated 11.5% - Backlog $136.1M (+$19M YoY), lifted by a ~$70M MENA irrigation project (FY2026 revenue) - Balance sheet: cash $154.8M vs debt $114.9M → net cash ~$40M; low beta (0.71) - Capital return: $80.7M buybacks FYTD, dividend raised to $1.48/yr - Valuation: ~$115 after the post-earnings drop, P/E ~21x; 52-week range $97.27–$149.56 - Peers: Valmont (VMI) +6%/~21x, AGCO ~flat/~14x, Deere (DE) −9%/~28x What to watch: North America farmer sentiment and commodity prices, the Brazil credit picture, and the infrastructure / Road Zipper pipeline Also on YouTube: @ChargedAlpha DISCLAIMER: For informational and educational purposes only. Not financial advice. Do your own research before any investment decision.","meta_description":"Lindsay (LNN) Q3 FY2026 — Revenue fell 5% to $160.8M and EPS slipped to $1.53 as the ag down-cycle pressured irrigation, while infrastructure grew 8% and…","key_points":[],"chapters":[],"topics":[],"duration_seconds":793,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/charged-alpha-stock-encyclopedia-7819792/episodes/lnn-stock-lindsay-is-a-quality-compounder-in-a-farm-slump-but-is-it-too-expensive/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/lnn-stock-lindsay-is-a-quality-compounder-in-a-farm-slump-but-is-it-too-expensive.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}