2024-06-24 10:00:00 ET
Summary
- Blue Bird Corporation's stock has surged by 70.7% in three months, outperforming the market.
- Strong financial performance with revenue and profits increasing significantly have been responsible for this.
- Management has raised guidance for the year, anticipating further growth in production and revenue.
- But this doesn't mean that shares deserve more upside from where they are today.
Around three months ago, in March of this year, I decided to analyze Blue Bird Corporation ( BLBD ). For those not familiar with the company, it is a producer and seller of school buses and parts related to school buses. This includes alternative powered products such as ones that are fueled by propane, gasoline, and even electric. At that time, there was a lot of uncertainty about any company in the electric vehicle space. Consumer demand was showing signs of weakening, companies in the electric vehicle market were cutting back on investments in the space, and competitive pressures were pushing prices down....
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Putting The Brakes On Blue Bird Corporation