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.
Want more information on Wabash National? Add it to your watchlist.
The Fool owns shares of UPS, but Fool contributor Rich Smith does not own shares of, nor is he short, any company named above. The Motley Fool has a disclosure policy. Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.