I don't know if the nearly 60% move in Navistar (NYSE:NAV) over the past six months is due to Wall Street's confidence in Navistar's turnaround
efforts or investors simply looking around for a stock that seemed a
little undervalued. In any case, it seems harder to argue that investors
aren't already factoring in a pretty solid recovery for this struggling
truck builder. An industry recovery in 2014 could certainly help, but
investors shouldn't underestimate the challenges in rebuilding customer
confidence and regaining the market position of years past.
Please read more here:
http://www.investopedia.com/stock-analysis/061113/navistar-early-stages-turning-it-around-nav-cmi-pcar-volvy.aspx
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