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Oshkosh Corporation Message Board

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  • tredleon tredleon Feb 2, 2006 6:44 PM Flag

    HERE'S THE REAL PROBLEM

    You are right about management being aware - that's why they disclose in the 10-K the following (page 26) -
    "The company cannot reasonably expect to maintin its defense sales and operating income at the unprecedented levels of 2004 and 2005 and at the expected sales levels of 2006 and 2007... As a result, the Company expects to derive most of its sales and earnings growth, if any, after fiscal 2007 from it's non-defense segments and from acquisitions". If they recognize that the defense spending will ultimately turn downward, why would you pretend that it won't?

 
OSK
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