The Shyft Group, Inc.

It must be the right time to short the Shyft

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Show Me the Money! 13 July, 2020, by Vladimir Rojankovski, Chief Analyst, Grand Capital
Amazon.com is launching a new fleet of bigger, boxier trucks like those favored by rival package carriers United Parcel Service and FedEx. The world’s largest online retailer ordered more than 2,200 heavy-duty Utilimaster “walk-in” delivery trucks from Shyft Group, a Michigan-based specialty vehicle company.
Its shares on Friday skyrocketed 20% on the news, but Shyft’s P/E ratio is still about 15 versus GM’s 7.5, and its price-to-free-cash-flow is ten times higher than that of its peers. So it must be the right time to short the Shyft.

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