I have to admit, I didn't dream this one up. I saw an interesting interview from a Case New Holland (CNHI) exec and they were talking about their new technology. One thing is for sure, there is a shortage of and growing demand for agricultural products, technology, and commodities. Ukraine is a major agricultural exporter and they are basically out of the world market right now and for the foreseeable future.
This not a long-term research project or endorsement, just some interesting particulars that I observed today and have researched over the last few hours. Do your own.
1.) CNHI has beat every quarter since at least 2020 2.) It has not given up the price hit that most other publicly-traded companies have. 3.) Revenues are stable and/or growing, while liabilities have been steadily declining on a downward trend. Lower debt with stable/higher revenues = Better future profitability.
On the product side, CNHI has the industry's first self-driving / autonomous field sprayer for weed abatement, fertilizer, etc. The implement is programmed and drives itself through the field with a pattern programmed, no farmer or tractor required. The ROI is pretty good on something like that if it can reduce labor costs. The second "new" is a 100% methane-fueled tractor lineup. This is significant, because larger farms can produce methane (and already do for electricity) from their own livestock waste. It gets rid of the "waste pileup" problem, reduces the need to haul that offsite, and eliminates a giant expense for the farm (diesel fuel).
Do your own research, but this one looks interesting. I have a long buy order in through December 30 to pick up shares on dips. NYSE:CNHI
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