Don't think the STS spike yesterday was on monthly truck orders. Yeah funny a 'rebound' from July, but still down 5% from last August. Orders have been lackluster for months. Flat to down vs. last year. And well down from late last year and early this year when they were very strong...over 20,000 per month. Probably why this quote in the news yesterday:
"Vieth said that seasonal adjustment does not dispel the notion that demand for medium-duty trucks has moderated."
The Seeking Alpha article sounded good and probably has played a role in the recent price increase. But I think people who focus on the great numbers last quarter (and they were impressive) are going to be blindsided when those numbers come way down starting with the report next month. Earnings should still be good as they benefit from better margins and lower costs, but revenues likely flattish & I think backlog levels will start declining. STS was in the $5's in February. So plenty of room to fall if demand is starting to slip. Which is why I think insiders are unloading as fast as they can.
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