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Navistar stock soars

Posted By Tom Jackson On January 13, 2009 @ 12:14 pm In Breaking News | No Comments

It could be a blip, it could be a trend, but stock prices for truck and bus manufacturer Navistar [1]soared just after the start of the new year.  The stock was trading below $20 a share during the holidays and then suddenly took off, hitting the low $30 mark January 5. Right now it seems settled in at about $28 a share. Curiously, the P/E ratio for Navistar is about 12 whereas all the other heavy equipment and industrial OEMs are charting much more affordable P/E ratios in the 6 to 9 range.


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[1] stock prices for truck and bus manufacturer Navistar : http://www.bloggingstocks.com/2009/01/08/navistar-nav-get-off-the-bus/

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