I believe the company has said somewhere that the first use of their cash flow this year at least will be to pay down debt. Maybe the market will like that, though I also believe that this company should invest in its own business and grow its way out of debt
Thanks for the responses. I have read everything I could find and I think that if they can maintain growth in the 18 to 22% range with a PE of around 18, the "sticker" for OSK is in the $75 to $99 range. A lot of their growth, however, appears to have come from acquisitions, and given their high level of debt, they will likely have to slow down a bit. Their press release seemed to indicate that the commercial part of their business may slow down, but for the next year or so, it looks good for their defense work. In any event, I am holding on to my 500 shares, but I have decided not to add more at this time. There seems to be a lot of support from institutional buyers, but that's just a guess.
i had JLG when the buyout was announced. now JLG was maybe better than OSK. i think they are counting on revenue from JLG products to pay for JLG loan. they borrowed to buy out JLG. debt has to be that. i would not worry.