QUESTIONABLE

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

The thing about AG markets is just like the crops it comes in seasons. CNH is not just AG though it also has to include numbers for it's holdings in Construction Machinery. This is true of all the major equipment manufactuers.... where housing and construction is down in the United States, some sales are boosted by the Iraq Conflict as the regrowth there pushes in new purchases for both Construction and AG... Alot of AG equipment is dual mode and meets both needs. Just research the actual sales numbers by geographical area and learn about the crops and growing seasons. These true natural seasons will affect the stock prices.... As I am not giving anything but common sense knowledge and will not recommend or point toward a specific action as I disagree with this type of hype that is already destroying retirement investments.

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

I work in the industry very closely.... you should reconsider your position.... when a $150,000 combine has ran through three years it is at the end of it's service life... these large pieces aren't even purchased.... they are leased and leases are not accounted for sales in North America... while on the lease programs farmers must insure them.... have you caught the news lately on how many NEW leased combines were caught in the mid west flood?? As for other equipment Farms are downsizing due to suburban spraw.... and have you went to a tractor/equipment dealership and questioned the average repair cost and did the math on multiple repairs verse Trade In Value? Unlike Cars Equipment retains a higher Trade in value. When Sales are down the New Unit Price is lower and thus can offset long term investment in repairing a used piece of equipment. Broke Down Equipment can means crop looses. To trade in equipment can cut up to 50% off of the sale price of a newer replacement with warranty. I think you have been watching too many commercials from my Industry. These companies are a good buy... no one ever stated they weren't... but you need to do more research on the Nort American Markets and take a College level class on the affects of population explosions on the economy.... The Roman Empire was a prime example... The Richer the centralized geographical area got the more they moved their Labor and Manufacturing out of those areas, the cost of goods went up, and when Rome was attacked from different angles it lost these resources and could not survive... sounds like America doesn't it.

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

Manufacturer's of Agricultural Equipment are seeing record sales in emerging nations such as South America. The reason North American Sales are down is due to "Market Saturation." There is a New Tractor, Lawn Mower, Implement or even just a piece of equipment on every Farm. With the Mortgage and real estate bust you have 25% of the total financed equipment being thrown back into the sales market at really low costs. World wide sales increases for these companies should also be a sign to Americans that oil is not at $150 a barrel but around $50 a barrel, and that this Artificially inflated price per barrel of oil is the result of a mismanaged and un-needed Speculation Market. To say that it was created to allow fleet companies and air lines to purchase oil at a low price in bulk prior to a price increase is a joke. I don't think Delta or JB Hunt own their own refinaries or take direct delivery of the oil. Only about 3 percent of a barrel of oil comes out distilled as Jet Fuel and 25 percent diesel...... This is all a shake down from ENRON and those that were involved with it's creation are still in Washington..... Mr. Graham (advisor to McCain) whose wife headed the CFTC under Bush Senior, and on the CLinton Inaugeration day went to work for ENRON as a Vice President signed the creation of this Monster into existance on her last day at the CFTC. So, don't count your chickens until you see if McCain wins and puts these Graham back into play to re-invent this Monster.