Agree w/ thesis. Issue has been finding size and borrow. Two quick questions:
1) In your mind, what drives OI / delivery back to historical avergae of $8-9k per car? Is it just supply and demand... login to read the rest
The stock was below $30 a year ago (and just before the election when you industrials got a broad bid). So, I think its reasonable to argue it could retreat to that stock price with... login to read the rest
Really nice analysis. We have maintained a similar thesis for a few quarters. The rolling over of earnings since 2015 has been there for everyone to see. With consensus estimates for -35% / -24% /... login to read the rest
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