Wow what happened to CNH?

kamichel

Senior Member

Join Date: Jan 2007

Posts: 631
#1

Wow what happened to CNH?

Feb 1, 2009, 11:16

Last trade 8.01
Looking at the yearly chart I know stocks have taken a licking but this is getting ridiculous. Am I missing something?

http://quotes.ino.com/chart/?s=NYSE_CNH&v=d12
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agstar77

Senior Member

Join Date: Jul 2001

Posts: 5379
#2

Feb 1, 2009, 11:26

All the ag companies charts look like that. CNH was pretty much bankrupt a few years ago. Problems will arise now because of lack of production on high output plants.
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liberty

Senior Member

Join Date: Dec 2002

Posts: 345
#3

Feb 1, 2009, 12:59

All the major ag manufacturers have large construction equipment divisions, which will be getting hit hard by the economic downturn.
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liberty

Senior Member

Join Date: Dec 2002

Posts: 345
#4

Feb 2, 2009, 13:22

I talked to my investment advisor today about CNH. Apparently there are some concerns out there about Fiat's debt load. That is being factored into the price.

Having said that, the P/E ratio on CNH looks downright attractive, with a yield of over 6%.

Deere's numbers are not quite as good, but I'm going to keep an eye on it over the next while.
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