Navistar Has A Tough Earnings Ahead [Seeking Alpha]
Navistar Intl Corp (NAV)
Last navistar intl corp earnings: 3/4 06:25 am
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US:NYSE Investor Relations:
navistar.com/navistar/investors
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Source: Seeking Alpha
Summary Fears of a peak in the truck manufacturing cycle have caused a major sell-off at Navistar. Downgrades from Goldman Sachs send the stock sliding just weeks before earnings. Buying long-term puts may be an attractive way to profit off of the expected cyclical downturn at Navistar. Economic Slowdown Navistar International ( NAV ) manufactures and sells commercial and military trucks, diesel engines, school and commercial buses, and service parts for trucks and diesel engines. It has been a tough couple months for both the manufacturing and trucking industry. A surplus in trucks and shortage of drivers has caused truck orders to fall and Navistar's stock has taken a hit, down over 40% since September. This projected economic slowdown will make it tough for Navistar to gain footing going forward in 2019. Add in the company's rising $5.6 billion in debt and you see potential to reach lows similar to 2016 (Figure 1). NAV data by YCharts (Figure 1)
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