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One of the core components of our CHEAT SHEET investing framework evaluates a stock’s price performance relative to its moving averages. As of December 3, Oshkosh’s stock price was 0.19 percent above its simple moving average, or SMA, 1.44 percent above its 50-day SMA, and 21.57 percent above its 200-day SMA.
For comparison, Terex Corp. (NYSE:TEX), one of Oshkosh’s major competitors, is trading 12.99 percent above its 200-day SMA. Shares of Terex Corp. are up over 65 percent this year to date and over 41 percent year over year.
As a benchmark, the S&P 500 is up 10.37 percent this year to date, and 12.12 percent year over year.
On the plus side, Oshkosh is clearly outperforming another major competitor, Navistar International Corporation (NYSE:NAV), which has seen its stock come down over 46 percent this year to date and over 48 percent year over year.
The Investors Have Spoken
While Oshkosh’s stock performance is in some ways lagging that of a major competitor, the company is still clearly producing strong returns for its shareholders. Those with a stake in the company probably think that Oshkosh’s stock will break the $32.50 price offered by Icahn on its own accord in the near future. Many investors familiar with Icahn’s tactics and history of success and failures could also be resistant to the idea of an Icahn takeover regardless of price offered.
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