Wabash National: The Company Is Struggling, But Its Backdrop Is Improving

Summary:

Wabash recently reported strong(ish) Q1 2021 operating results, but investors need to pay close attention to a few concerning metrics.
The company is still contending with significant headwinds caused by the pandemic. However, Wabash's operating environment appears to be improving as the company enters the 2nd half of 2021.
We are long Wabash, and we will likely add to our position in the quarters ahead.