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The Company is a designer, engineer and manufacturer of custom heavy-duty chassis.
Spartan motors, until recently, was trading at book value. It is a solid business, which is flexible, as evidenced by their ability to maintain profitability when their revenues tanked. Their revenues went down to the completion of military contracts and poor RV sales. Other categories of their business, such as firetrucks, actually have increased in 2009. With the newly won additional contracts with Fleetwood, their new non-emergency vehicle contract, their acquisition of Utilimaster, and the uptick in RV sales (per recent WSJ article), Spartan's upside potential is much more likely than downside potential (stocks don't typically trade much below their book value unless it is an extreme situation such as an impending bankruptcy). Plus if their are any additional military orders that come in, this stock will shoot through the roof. I think this stock will go to the low teens at some point. I bought in with real money at 5.23.
You hit the nail on the head. I've been tradeing in and out of this one and doing very well. I recently bought in again @$5.30 and have been holding onto some that I bought at $3.20. I think we will do well.
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