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PACCAR Inc. Message Board

  • joeletaxiiii joeletaxiiii Dec 19, 2012 12:35 PM Flag

    Navistar's woes continue...

    The perennial basket case lost $40.13 per share last quarter. Not a good showing. Revenues down 24 percent (more than twice the drop at PCAR last Q). $28 of the per-share loss was a non-cash tax charge, but excluding changes in current assets and liabilities the company still burned more than $600 million in cash and equivalents. If this continues, Navistar might not be around at this time next year. Icahn might regret his investment. "She's taking on water, captain!"

 
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