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Spartan Motors Inc. Message Board

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  • phyk18940 phyk18940 Nov 23, 2007 8:27 AM Flag

    Simple key stats

    Perhaps the contributing factor is "Cramer" many follow his recommendations. First he pumped SPAR, then said sell, said once a stock dives it never comes back.

    The proof is watch the AH trades on his recommendations and see how the herd follows.

    I'm down big but will still hold. I don't believe they invested in new plants and facilities on just "wishing" they get more business. The best is yet to come. PATIENCE!

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    • SPAR Spartan Motors initiated with an Outperform at Barrington- tgt $13 (9.70 )

      Barrington initiates SPAR with an Outperform and a $13 tgt saying they believe that SPAR is continuing to make improvements to the military chassis operation. However, they expect that the military capacity expansion will result in a lower-than-expected Q4/07 gross margin. As such, their Q4/07 EPS number is well below the Wall Street consensus. Long-term, they believe that SPAR can grow both sales and EPS as military production inefficiencies and parts shortages are worked out. For SPAR stock to work, Q4/07 and Q1/08 should see improvement in military gross margin and heavy MRAP new orders. SPAR is also strategically positioned to take advantage of a better 2008-2009 RV chassis market.

8.34+0.35(+4.38%)Jul 27 4:00 PMEDT