Wabash National Corp (NYSE:WNC)
CAPS Rating:
The Compay designs manufactures and markets standard and customized truck trailers and related transportation equipment.
The Compay designs manufactures and markets standard and customized truck trailers and related transportation equipment.
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Recs
Trucks are expensive to replace, but now that since many of them are 20-30 years old, they need to be replaced. It is estimated that about 100 million more trucks will be on the road by 2015 so WNC will benefit. Take a look at recent share prices of CMI NAV and PCAR and how much they have increased in the past year. CMI was the best performer in the S&P 500. There is a clear demand that is only getting started for what these trucks carry across the country and as more and more truck fleets need to be replaced, I think WNC's share price will increase.