Investopedia: Trying To Make Sense Of Navistar

Cyclical stocks are notoriously difficult to value, as very few analysts or investors can accurately measure the length and amplitude of the cycle. In the case of Navistar (NYSE:NAV), it gets even more difficult as the company continues to develop its own engine program and work towards better internal efficiency. While Navistar is a stock with above-average risk, a strong rebound in the truck cycle could push these shares up substantially.

A Stuttering Start to the Year  
Navistar's first quarter earnings were a real mess. Revenue was alright, as sales (excluding financing) rose nearly 12% from last year. Truck revenue jumped 20%, while engine revenue fell 13% and parts revenue ticked up 5%.

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