Wabash National: Stay Long
* Wabash National's stock has underperformed the broader market so far in 2020, but there are reasons to remain bullish.
* The company operates in an industry that has promising long-term growth prospects, even after factoring in the near-term headwinds.
* We own a small Wabash National position, and we plan to add to our position in the near future.
Wabash National Corp. ($WNC) is a diversified semi-truck manufacturer that has been negatively impacted by the disruptions of the global pandemic. Wabash has reported lackluster operating results so far in 2020, so it should come as no surprise that the company's stock has underperformed the broader market by a wide margin.
However, as shown, WNC shares have performed well since the March/April 2020 lows. I believe that the significant underperformance has created a buying opportunity for investors that are interested in a company that has great long-term business prospects.
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