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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (48424)	6/23/2012 10:31:08 AM
From: EddyRiquelme	1 Recommendation Respond to of 78462

RE: Nav I have bought into this company at $29 for my virtual portfolio :) I'm quite optimistic that Navistar will not file for chapter 11, and if they do then it is unlikely liquidation will occur but some sort of restucturing could be possible. I still dont think it will get to that point to be honest. The company has consistently produced earnings. It is only now that Navistar is seeing problems and the stock is getting beat down hard- the stock is selling below working capital! I still think a take over is possible to be honest although they have just declared a rights issue or some sort of merger. Carl Ichan has been saying that Oskosh could merge with navistar- I'm no expert but I just dont see a liquidation (definitely not trading below liquidating value) happening nor a bankruptcy. Gabelli, Ichan and Ichan's prodigee are invested and all our value players, so from a qualitative stand point I do not think that it is in there interests for a bankruptcy- although I could be wrong. Any other views are welcomed Cheers Eddy