Stockchase Opinions

David Driscoll Oshkosh Truck Corp. OSK-N PAST TOP PICK Dec 06, 2007

(Past Top Pick Feb 15/07. Down 11.7%.) Still confident. May move it from a strategic investment to a full corporal link (?) but is waiting to see what happens with the election next year as 1/3 of their business is military vehicles. Other side of the business is doing exceptionally well. This is the time of the cycle when refurbishment/buying new vehicles comes into play. Continuing to $cost averaging.
$50.580

Stock price when the opinion was issued

Automotive
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SELL
(Market Call Minute.) Raised their debt load. Housing and their construction sector has fallen off.
BUY
Main catalyst is their drive train system. Got a very large order from the Dept of Defense for all-terrain vehicles. Also do fire trucks, aircraft support and construction vehicles. Able to piggyback their expertise into military vehicles. A lot of international orders.
DON'T BUY
Model price $37.19, 40% upside. If it’s going to hold it will hold here. Has had a terrible 3 months. Would be more excited at the $20 level.
BUY ON WEAKNESS
Up 5% today in the rally. Has real earnings at a reasonable valuation. Buy on the next pullback.
COMMENT

The chart is rangebound, roughly $70 to $100, now at the top of that range. Give it a few weeks; if it continues to move down, sell.

TOP PICK

State of the art technology and good management team will continue to perform. Very good at M&A in the past. Believes company will exceed earnings expectations. Trading at 10x earnings, which is under valued. "Inflation Reduction Act" money & conflict in Middle East will also help business. Has been buying shares on recent share pullback. Good to own for long term investors. 

PAST TOP PICK
(A Top Pick Jan 12/24, Up 12%)

He sold a while back. When purchased, he estimated the value at $120-125 or 20% above purchase price. Reported earnings, which were good, but he was concerned about growth going forward. Used it to raise cash.

TOP PICK

More of a Trump-tech trade. 12-month price target of $130. Defense is a big segment for them, including fire/emergency. Also access equipment. Will do very well in the US, but certainly with NATO. NATO will become a key pivot point, even with Mr. Trump. Reports next week. Yield is 1.2%.

(Analysts’ price target is $130.56)
BUY

They just blew away their numbers, surprising him, and yet no one is paying attention to them.