Wabash National Corporation (WNC)

Wabash National Corporation (WNC) designs, manufactures, and markets truck and tank trailers, intermodal equipment, and transportation related products in North America. Its Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; specialty products, such as converter dollies, big tire haulers, steel coil haulers, and roadrailer trailers; aftermarket parts and rail components; truck bodies; used trailers; and laminated hard wood oak products.

WNC reinstated its dividend in December and has bought back 11% of its stock since beginning of 2015.

This company has been under accumulation and the price trend appears to be strong with volume increasing with each push higher. Value as determined by relative value still has room to climb, while the price trend continues strong. Temporary pullbacks are normal but they have all be done on lower volume, suggesting profit taking periodically before the uptrend continues.

Wabash National Corp., participates in the Department of Energy’s SuperTruck program, a five-year research and development initiative, focused on improving freight efficiency (the amount of freight hauled per gallon of fuel used) by 50% compared to 2009 base model heavy-duty tractor-trailer vehicles. The company recently developed a trailer for this program that reduced drag coefficient by more than 30%.