Re: IH Failure - tractor building business in gene

Posted by colekicker on November 01, 2003 at 13:30:19 from (128.194.70.61):

In Reply to: IH Failure - tractor building business in general posted by Steve - IN on November 01, 2003 at 11:03:58:

In response to the CNH part of your post, Fiat had some large hanging debt they brought to the table. Overall, CNH is the #1 producer of ag equipment in the world, bigger than Deere. Be sure at the end of this year they will show a profit. Fill orders for parts warehouses were in the $20 million range this summer. Ya, they had that many dollars in parts on order, and they still have not caught up, and will not until next year. Blame that on upper management. Problem for the consumer, but heck, I bet that makes the stock look good in the end. But, they had to do something after the reverse stock split earlier this year. It would only take a couple of changes and CNH would rule the market. As for AGCO, their number of dealers has consistently fallen over the years. My nearest dealer is an hour away. The next closest is over an hour and a half.

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