Podcast: Navistar in the Danger Zone

^{David Trainer is interviewed by Chuck Jaffe of Money Life explaining why truck manufacturing company Navistar is headed for trouble.}
Truck manufacturing company Navistart is in the danger zone. Investors have rallied around the stock - up over 60% this past year with talk of a possible buyout to salvage shareholder's gains.  But Trainer doesn' think this is likely to happen, not with over$6.2 billion in liabilities, or 200% of the market cap, half of which is in hidden pension liabilities. In simple terms, Navistar is an unattractve buy; the business is in trouble to a point that is too deep to turn around.