By Qineqt:Navistar (NAV) is experiencing an eventful August, with the stock displaying volatility in the first week of the month. The stock plummeted 14% after the company slashed its future outlook amidst a weak U.S.
By Qineqt:Analysts have recently turned in favor of Navistar (NAV), the truck manufacturer, after the company made a secondary offering that has addressed some of the questions regarding liquidity. Also, the street seems to be excited about the management's transition plan which is now more attainable after the improved liquidity status.
By Qineqt:Navistar (NAV) has been quiet for some time now after the eventful month of August, when it finally entered into a partnership with Cummins (CMI) for EPA-compliant engines for its Class 8 trucks. It also managed to raise $1 billion from a consortium of banks that helped improve its liquidity position.
By Markus Aarnio:Navistar International Corporation (NAV) is a holding company whose subsidiaries and affiliates produce International brand commercial and military trucks, MaxxForce brand diesel engines, IC Bus brand school and commercial buses, Monaco RV brands of recreational vehicles, and Workhorse brand chassis for motor homes and step vans.
By Qineqt:As can be seen in our previous article, we were considerably wary of how Navistar (NAV)'s stock would perform in the near future in light of its engine compliance issues, rising warranty costs, declining end markets, and poor liquidity conditions.