CNH is a worldwide leader in heavy agricultural and construction equipment. Regardless of where the US is heading, worldwide we will see a boom in construction projects and the need to increase the productivity of the remaining agricultural land. As the emerging markets recognize the cash value of the crops for both food supply and agrifuels, we will see a demand for earth movers and smaller farm equipment. Similarly, as the international economy begins to ratchet up and the need to house and employ the formerly unskilled labor pool grows, CNH will find increasing demand for its construction equipment. An intriguing double-play that gets your dollars into overseas markets and back-ends you into both residential/commercial construction projects and agriculture. Gotta love the long-term growth prospects of this steady company.
$43.11 (05/01/07)
