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| Why the Sell-off at New Flyer? (258152) | |
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Why the Sell-off at New Flyer? |
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Posted by Gold_12TH on Sun Apr 1 23:27:30 2012 http://seekingalpha.com/article/460411-why-the-sell-off-at-new-flyer |
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Re: Why the Sell-off at New Flyer? |
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Posted by The Flxible Neofan on Mon Apr 2 10:53:10 2012, in response to Why the Sell-off at New Flyer?, posted by Gold_12TH on Sun Apr 1 23:27:30 2012. While New Flyer has been able to maintain production rates because of their strong backlog, several competitors have idle capacity, and have been bidding very aggressively to keep that capacity active. Rather than bidding aggressively in response, New Flyer is instead reducing its backlog in order to maintain production rates. Over the coming year, management expects to maintain production without aggressive bidding by continuing to reduce their backlog, even to the point of producing some buses ahead of scheduleThat may explain why they didn't bid on the latest SEPTA order (at least from what I've heard). |
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