ByHamlet Capital:Navistar International (NAV) and activist investors Carl Icahn and Mark Rachesky reached a deal last week, allowing the pair to acquire 8 million shares and nominate two board members each. Combined, Icahn and Rachesky could own up to an almost 40 percent stake, up from 30.
JP Morgan has downgraded Navistar International Corp (NYSE:NAV) stock from Overweight to Underweight, after the company hosted an analyst meeting earlier in the week. The sell-side research firm reduced the price target on Navistar from $40 to $28.
In 2010, the Supreme Court ruled that corporations are people and in 2012 upheld that ruling.This unleashed a flood of corporation and union-sponsored fundraising activities. Today the Supreme Court Voided Caps on Total Campaign Giving by individuals.
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.
Navistar International (NAV)
Q2 2012 Earnings Call
June 07, 2012 9:00 am ET
Heather Kos - Vice President of Investor Relations
Andrew J. Cederoth - Chief Financial Officer and Executive Vice President