Has anyone looked at the stock price for CNH or the overall financials for this company? I see no logic for the rumor based on their performance.
Look at their chart, over a 2 year span, their stock is up nearly 50% (
BLUE LINE ON CHART). Deere is up about 32% during the same period (
RED LINE ON CHART) and the 3 major market indexes during that same time (Dow, Nasdaq, S&P) are each up only about 15%. (
Green,
Yellow,
Brown lines)
I don't see CNH on many "buy" lists, but they are not on many "sell" lists either. Seems to me there is little basis for a rumor like this? Thoughts? From other financal information I can see the company seems to be reasonably sound, it is not setting the world on fire, but it is doing OK. Its worldwide scope is allowing it to compete in developing nations where construction equipement sales are growing.