Daily Ideas·Bullish·CNH·2024年7月28日

Long $CNH at $10

@ArmsGarrett
X/Twitter

$12.5B market cap co that will earn $1.45 this year—so, 6.5x earnings on below mid-cycle figure, or a 14x PE discount to S&P (all-time extreme) for an underlevered, oligopoly-type business that ran a 30% ROE last year. No brainer.

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