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Eddy Elfenbein submits: Oshkosh Truck (NYSE:OSK) is one of those stocks that no one follows, few have even heard of, and it seems to do nothing but rise. While yesterday was a sluggish day on Wall Street, Oshkosh rallied on another great earnings report.

Net income at Oshkosh rose to $53.1 million, or 72 cents a share, compared with $40.6 million, or 56 cents a share in the same quarter a year ago.

Oshkosh had forecast earnings of 50 to 55 cents a share. Analysts polled by Thomson First Call expected, on average, 54 cents a share.

Sales in the three months ended Dec. 31 rose about 22% to $790.3 million from $644.9 million.

The stock gained 5% early Thursday to $51.15.

The company said its 2006 earnings would be $2.55 to $2.65 a share. Wall Street's consensus is $2.70 a share. Its board also declared a quarterly dividend of 10 cents a share, up about 48%, payable Feb. 23 to shareholders of record as of Feb. 16.

Here's a chart from the past several years. Notice how the P/E ratio has never gotten very high, but the earnings keep pushing along.

OSK 8-yr Chart

Source: Despite Anonymity, Oshkosh Truck Just Keeps Rising (OSK)