Topic: How To Invest

What do you think of Wabash National Corp.? Thanks.

Article Excerpt

Wabash National Corp., $13.32, symbol WNC on New York (Shares outstanding: 68.5 million; Market cap: $917.6 million; www.wabashnational.com), designs and makes truck trailers and related equipment. The company accounts for about 20% of U.S. trailer shipments. Wabash has three divisions: Commercial Trailer Products (61% of total sales) makes truck trailers; Diversified Products (29%) makes portable storage containers and temporary shelters; and Retail (10%) sells Wabash products through 18 company-owned stores that also offer maintenance and support services. In addition, Wabash sells its products through independent dealers. The company has broadened its product line in the past two years through acquisitions. In May 2012, it paid $377.0 million for Walker Group Holdings, which makes tank trailers for oil, gasoline, dairy products and other liquids. In February 2013, Wabash paid $13.9 million for certain operations and equipment from Beall Corp., a bankrupt maker of aluminum tank trailers. The company’s new assets helped increase its sales by 10.2% in the three months ended December 31, 2013, to a..