Wabash National: A Margin Story

Summary:

* Wabash's stock is currently outperforming the broader market on a YTD basis. * The company recently reported Q3 2020 results that beat analysts' estimates. Additionally, I was impressed by Wabash's margin profile in this challenging operating environment. * I believe shares are worth the risk, especially at current levels, so we plan to stay long the stock.

Wabash National's ($WNC) stock performed poorly over the first half of 2020, but shares have recovered since the March 2020 lows. The stock is definitely not as cheap as it was in the March/April 2020 time frame, but I still believe this small-cap company is well-positioned for 2021 and beyond. And the recent earnings results and margin profile help the bull case for Wabash as we look into 2021.