Saj Karsan

Paccar Runs Well but Risks Abound

Hi Joe,

You are right, the chances of a problem are quite low. However, what is not clear when SA picks up one of my articles is that my site is devoted to finding very low risk companies, and so the risks to PCAR were being highlighted in that context.

Your question about customers that can have an adverse impact is a good one; unfortunately, I was unable to find disclosure on this from PCAR. It would be nice to see the percentage of finance receivables outstanding to the largest finance customers. If this was low, it would certainly lower the risk.

Nevertheless, the finance risks are clearly stated in the 10-K, and while you may feel they are minute, they nevertheless exist and are worth noting for those investors who prefer only the safest of investments.