Sell on news. Terrible call.
Caught up in the mire of Buy America audits, they dont yet have one delivered. And it might be 2 or 3 this quarter. Where is the US growth then? Is it in public transit or private markets.
Also, shelved the crossover which was supposed to be a contender in US markets - cutaways especially.
Basically, they rolled existing inventory from Q4 into Q1 and now need to manufacture 80 buses a quarter just to meet their 240 deliveries this year.
Gross margins to be flat yoy this year. US pricing to be competitive which suggests low/no margins.
No forward guidance on sales. Just innuendo.
So, this stock isnt going to move much. They'll be reporting Q1 in July.
Very disappointing. Betting they thought it went 'awesome'
GL