Next Thursday, August 16th at 11am EST, the Hedgeye Industrials Team, led by Jay Van Sciver will be hosting a conference call discussing opportunities in shares of Truck OEMs. The presentation will review Truck markets globally, with a look at Brazil, Europe and the U.S. The dial-in information and materials will be circulated prior to the call.
OEMs: PCAR, NAV, VOLVB SS, DCX GR, MAN GY, FI IM, SCVB SS
Suppliers/Related: CMI, ACW, CVGI, RUSHA
Topics Will Include
- The Cycle: A long-term look at Truck equipment cycles - what is changing and what is not. Regulation, fleet age, OEM product trends and aftermarket growth will position the industry differently over the next several years. It is not just about fleet age driving truck sales.
- Industry Structure: The trucking industry has a supportive industry structure, leaving the industry better able to weather variations in demand. We look at several key ways that this already strong industry structure is improving.
- Valuation, Sentiment & Company Specific: The U.S. based truck OEMs are out of favor at the moment, with valuations at highly attractive levels. We present our ideas on the best way to play this attractive industry and some key areas we would avoid.
About Jay Van Sciver
Jay has covered the Industrials sector for over a decade, providing buy-side research for long-only, long/short hedge fund, and proprietary trading strategies. He was a Co-Founder and Partner at Bishop & Carroll Capital Management, where he focused on Industrials, Materials and Consumer Durables. Previously he was a Managing Director at LaBranche, which seeded Bishop & Carroll, and an Industrials and Materials Sector Analyst at Brown Brothers Harriman. Jay graduated from Yale with a B.S. in Chemistry.
Hedgeye Risk Management is a leading independent provider of real-time investment research. Focused exclusively on generating and delivering actionable investment ideas, the firm combines quantitative, bottom-up and macro analysis with an emphasis on timing. The Hedgeye team features some of the world's most regarded research analysts - united around a vision of independent, uncompromised real-time investment research as a service.