Arguably the nicest thing that can be said about Commercial Vehicle Group (CVGI) for 2011 is that the company was not alone and performance could have been even worse. Although heavy duty truck production rebounded well in 2011, major truck and truck component manufacturers had a thoroughly miserable year. Down nearly 50%, CVGI's year was bad, but then so too were those of Accuride (ACW) (down almost 60%), Navistar (NAV) and PACCAR (PCAR) (both down about 35%), and even the oft-popular Cummins (CMI), whose stock is down about 20%.
With truck production in 2012 still looking fairly solid at this point, is a rally in truck-related stocks in the cards? Perhaps even more to the point, is Commercial Vehicle Group the way to play that rally?
Please follow this link for the full piece:
A Bumpy Ride For The Commercial Vehicle In 2011
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