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DepewTube: Oshkosh Veers Off Course


Markets, movers and more.

Oshkosh Corporation (OSK), the truck manufacturer not the purveryor of denim overalls, was down 30% today. The story: Its largest customers are municipalities that purchase fire and rescue vehicles. Orders are being canceled because of the impact of housing on municipality tax receipts. So much for housing well contained. Just as it had a positive multiplier effect on the way up (the wealth effect, tangential employment for housing contractors, real estate sales people, etc.) it will also have a multiplier effect on the way down that's only now being felt. Minyan Kevin Depew weighs in.

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