Investors in the industrial/machinery sector have quite a lot to mull
over these days. The steep drop in energy prices has undermined the
growth plans of many companies, while the persistently sluggish recovery
in construction has taken its own toll. Add in concerns about Europe
and China and it's not a terribly comforting picture.
In the case of Oshkosh (NYSE:OSK)
it's arguably worse from an uncertainty standpoint. Oshkosh is logging
good orders in access, but utilization rates aren't great and the ABI
hasn't broken out. Add in the potentially enormous, but very uncertain,
award for the JLTV vehicle contract and you can generate a wide spread
between the bull and bear scenarios. I'm not a big fan of
win-big/lose-big investment scenarios unless I've very confident that
the conditions support the "win-big" side, and so it is hard for me to
get enough comfort with Oshkosh to put my own money into these shares.
Read the full article here:
Little Clarity, But Ample Concerns, With Oshkosh
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