Finally, it seems like analysts are catching up to the reality of strong orders, strong margins, solid backlog, and good earnings growth, and not throwing WNC into the "Transport Pool". Up over 10% on strong volume this morning. This in from FBR Capital:
"FBR Capital says ACT Research's October 2012 Trailer Flash Report last night was stronger than expected, as total van net orders improved 55% year-over-year. The firm strongly reiterates an Outperform rating on Wabash with a $12 price target."
Great find GRS thank you! Any objective look at WNC's recent earnings, margin expansion and order backlog would indicate what FBR is saying ... that WNC shares are significantly undervalued and we're at the beginning, likely, of a multi-year major replacement cycle for truck trailers.
Nice to see this equity getting a little attention for once!
Nice to see the fires still lit as of today, December 4th ... Looking like 2013 is going to be wonderful for WNC shareholders who have their basis in single digits ... Fiscal Cliff resolution is the next major hurdle ...
There was absolutely no reason what-so-ever for WNC to have been trading in the 5.00 range this summer/early fall. Just goes to show you the 'market' isn't so accurate these days, trading is more based on the short's ability to pressure stocks down so easily.