Sept. 3rd, 2015

Vicki Bryan quoted:  In a note, Vicki Bryan, a bond analyst at Gimme Credit, said that “Navistar is, now three years later, a company virtually reborn with credible and capable management, finally, and it must address and resolve the legal consequences of the previous 10 years of hubris and failure.” Bryan said the company “can, over the next year or so, potentially absorb penalties and settlements of potentially $300­ million to 500 million, mostly with cash on hand and newly reemerging free cash flow generating capability.”

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