Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Commercial Vehicle Group's Turnaround Is Slow And Wobbly

Investors in turnaround stories need to have patience, but Commercial Vehicle Group (NASDAQ:CVGI) is certainly testing the patience of its shareholders. The company's new CEO needs to be given enough time to let his turnaround plan bear fruit (he's been on the job for less than six months), but it's frustrating as heck to see CVGI go nowhere this year while Cummins (NYSE:CMI), PACCAR (NASDAQ:PCAR), and Allison (NYSE:ALSN) are all up about 20% and Modine (NYSE:MOD) and Navistar (NYSE:NAV) are up more than 60%.

CVGI is currently sitting in the middle of some uncomfortable trends. While Class 8 truck orders have improved, build rates still aren't all that...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details