Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: You might think investors would be happy to hear Wabash National
Instead of cheering and tickertape, investors met Wabash's news with a wave of catcalls, and a 10% drop in share price.
So what: Maybe investors were just too optimistic, and assumed Wabash would beat bigger than it actually did. After all, aside from a few outliers like YRC Worldwide
Now what: Now that reality has set in, what we're left with at Wabash is a company that's barely breaking even on a GAAP basis, and still burning cash like a trucker burns diesel. Until it gets its cashflow fixed, I wouldn't recommend hitching a ride.
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