Found this just reading headlines....

The Company got downgraded last week due to forecasted third quarter loss - suffering from softness in non-residential construction and general economic weakness; company also has higher than average leverage.  They make heavy equipment - firetrucks, cherry pickers, etc.

I haven't had a chance to run it through my sheets (which are still being built), but I thought someone else might want to run it through theirs and start a discussion.  If I run it through, I will post what I find.

Cheers

Vizi, et. al.,

This from Barron's late Friday afternoon after the close, re OSK:

OSHKOSH SURPRISES WITH EARNINGS OUTLOOK
It’s likely a little early to call a turn in the trucking business, especially after so many warnings from players in the sector as the first half of the year drew to a close. But with material prices, whose rise led to some worries about manufacturing costs, likely to retreat, and some cost-savings and restructuring efforts having gotten on stream, some of the names in the sector could see a somewhat brighter future than seemed the case three months ago. Shares of Oshkosh (OSK) jumped 17% Friday, after the specialty truck maker said that its earnings outlook isn’t as dismal as its June warning about the year’s prospects would have suggested. Shares of Oshkosh skidded 30% the day of its warning, and continued to decline, eventually falling 72% in the ensuing trading. But Oshkosh said that, following some reductions in its workforce and other efforts to trim spending, it expected to reach the high end of its forecasts for the fourth quarter, and expected to show that more debt has left its books than it previously expected.

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