So now we let it settle out - it will recover as the growth rate should accelerate and if you had any idea at all what you were doing you knew as I had noted other times that the tax rate would impact the earnings comparison. Also - supreme is a supreme take over candidate. Management is doing better but they just don't seem to be able to get it done Q-2-Q though being a smaller player likely impacted them in terms the chassis attainment issues (along with the shutdown). They need to get the bus issue rectified to drive more earnings out of that divisions and do a better job of lowering costs FASTER. They seem to be a bit lethargic on that issue.
But in the end analysis you know that they are positioned well and with the economic recovery we should see Q4 be solid and the outlook revised upward for Q1-2 of 2014. Boolean
STS earned 45c in adjusted TTM earnings per share. 4Q is going to be solid, at least 15c per share... that will put us at 60c in full year earnings. 11x p/e and it's a $7 stock. was trading at 14x earnings before Thursday's report... this is despite significant improvement in overall demand environment (order rates, backlogs, fleet demand rebounding industry-wide)
the analyst covering the stock got a little too bold, hence why it ran so hard into the earnings report... this is just a great buying opportunity