JP Morgan is upgrading Commercial Vehicle Group (NASDAQ:CVGI) to Overweight from Underweight and establishing a $7 price target. Firm notes that over the past three and a half weeks, CVGI is up 176%. Despite the stock’s recent appreciation, they are upgrading CVGI to Overweight from Underweight into an improving liquidity profile, solid management execution through the current downturn, and signs that the North American Class 8 truck market (~50% of normalized revenue) is at, or close to, trough. Improving liquidity profile. CVGI recently completed a partial debt exchange and revised its credit facility agreement. In JP Morgan's view, the transactions buy CVGI time for end markets to recover, as the exchange offer should lower CVGI’s cash interest payments through the[More...]

A year or two ago, buying deep value stocks was a pretty easy way to make money with microcaps. Like most microcap traders, I built screens to identify these stocks.  But they no longer work.  Deep value screens today identify stocks with one foot in the grave, or at least with a set of shareholders ready [...]

I’m now back to net long due to my longs in GFI and my long portfolio of junk. I hedged my index shorts IN CASE, this market blows up into Friday. I got short based on last Friday’s overbought conditions, however, this has been incorrect so far and it looks like the market will get [...]

Stock Symbols: BSMD,CDNS,CNS,CNW,CRUS,CYBE,FFIV,FNF,GDI,IRBT,KAI,LSI,MCRI,MOH,MRCY,NTRI,PHM,ROL,RYL,SCSS,SKX,TLGD,TSCO,BIDU,CMG,EQIX,NARA,OMTR,OSIP,SJW,PRE,BCR,CVGI,WIRE[More...]