Street Underestimating Ag. Equipment Maker CNH Global's Forward Earnings - Michael Filloon

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Street Underestimating Ag. Equipment Maker CNH Global's Forward Earnings
Jul 13, 2008 08:22 PM UTC

Michael Filloon

Return	Risk
-33.41%	HIGH

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Symbol	Sentiment	Start	Return	Closed
CNH		07/13/08	-24.22%	--

Via Long Investment Ideas from Seeking Alpha:

My favorite company within the agricultural equipment industry is Amsterdam-based CNH Global (CNH). CNH has seen its stock price cut in half since it peaked on January 3rd. Although it has broad exposure to construction equipment, the company is seeing massive demand for its high priced agricultural equipment.

CNH is coming off of its best quarter in company history. Consolidated revenues were up 26%. Net income increased 18%. Their equipment operations operating profit was up 21%. Diluted EPS was up 20%. They also confirmed their 2008 outlook of $3.30 to $3.60 per share.

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