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.

David Trainer receives no compensation to write about any specific stock, sector, style or theme.

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