Wabash National: Investors Should Just Stay The Course
- Wabash recently reported better-than-expected Q4 2017 results that were well-received by the market.
- The company's stock price has been pulled down by the broader market selloff, which I believe has created a buying opportunity.
- Wabash is a long-term buy at today's price.
Wabash National ($WNC) is a diversified semi-truck manufacturer that operates in three main segments: Commercial Trailer Products, Diversified Products, and Final Mile Products. Wabash is a leader in its industry and the company recently reported Q4 2017 results that were well-received by the market (shares finished the trading day up over 10%).
However, as shown, WNC shares have been pulled down by the broader market selloff and the stock is now trading close to where it was before the company reported its Q4 2017 results. In my opinion, investors with a long-term horizon should treat this pullback as an opportunity to start a position in a company that has great business prospects for at least the next 12 months. It also helps that WNC shares are trading at an attractive valuation.
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