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The Company is a designer, engineer and manufacturer of custom heavy-duty chassis.
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hellspawner (21.93) Submitted: 3/24/08 7:44 PM : Start Price: $8.55 SPAR Score: -39.30
Federal fire grants are still out there for 2008. This industry experiences heavy demand in the summer months. It can take 6 to 12 months for a single truck to deliver. I'd love to look at Spartans backlog of work. I bet they're taking orders for chassis that won't be delivered for 2 months.
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Ogr8 (< 20) Submitted: 3/31/08 10:03 PM
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I work for Crimson Fire which is owned by Spartan motors and their (Spartan's) back log IS more than 2 months right now. The back log for Crimson Fire is down slightly from a year ago from 10 months to about 6 right now but our (Crimson's) profits are up from last year. I'm not in the managment team so I can't quote you exact numbers for Crimson. The numbers I qouted in my Spartan pitch come straight from their financial statments. Since I work for the company I've been following the stock for a long time and I can't believe SPAR is still under $12.00 a share. If you follow the fire and emergency vehical manufacturers stock at all you would know that American Lafrance has filed bankruptcy and orders for fire trucks are down industry wide compaired to last year which is the only reason I can guess this stock is still down even though Spar's sales and profits are up. I'm in with real money at $7.55 and $8. Good luck to you
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hellspawner (21.93) Submitted: 6/19/08 7:53 PM
ALF's failure was not an industry problem, it was totally the fault of managment. But i do have to disagree with your point that, indrustry wide, orders for trucks are down. Especially not right now. As you know being a builder you're looking at 5k to 6k trucks a year. Period. No more, no less. NY cycles through trucks 5 to 7 years. I think even at $12 thats a bit on the low side. Are you following engines as well?