Your choice. Its a low 20's stock. New leadership is another unknown. They are shifting how they run the company. Look at ALL division presidents. Sales guys. A marked change from operations which was always the strong suit of the company. New CEO is financial guy who has a history of making decisions on the numbers not the long term. I think the leadership thing is a huge issue. Wait for it to go lower and make the valuation better. They are a construction company now with majority of business reliant on that market. Stock will not come back strong until that industry comes back. Still shorting the stock. The drivers for the upside are not there. Expect teh new CEO to do some more house cleaning. Florida move not going well. FMTV not going well. you are two quarters out until some good news. F and E just now reacting to lower market. Bad move. more negative than positive. I do respect your valuation argument but there seems to me to be more negatives than positives. I will own it again at the right price. But not here.
You have to look at the Drivers and what the CEO said- Trouble with FMTV and losing money on that one. Fire and emergency at a loss? And that does not include restructuring and moving charges that will have to hit in Q3 and Q4 with moving the ambulance business. They can still be facing impairment charges. Defense can no longer carry the day and the other businesses are performing terribly. F and E off 34% in the last two comparable Q2 10 and Q2 11. Strong cash flow is going to end with the MATV. Look at the stop work on the ambulance. Yes they may get this all fixed but this one is going lower. Look at the low ownership of the executives. Put your money to work in much stronger companies. I am short the stock