Tuesday, June 11, 2013

Investopedia: Navistar In Early Stages Of Turning It Around

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.

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