Savvy Trades and Investments

[researcher59]

I joined you and Swick in the CMT short .... the strong stock action is a bit of a mystery given the weak outlook provided in the Q2 earnings report - it sure looks like a selling opportunity.

Mr. Barnett continued, “Looking ahead to the balance of 2016, the downturn in activity from the heavy duty truck market will continue to translate into lower sales relative to 2015 levels. Industry sources currently forecast a decline in North American production of heavy duty trucks of 25% to 30% in 2016, with further weakening of nearly 10% in 2017 before rebounding in 2018. While certainly representing a challenging market for the next several quarters, we believe that we will profitably manage through this down-cycle as we have with the cycles over the past 20 years.”