Spartan Motor‘s (SPAR) stock is getting knocked down today and it fell below my stop-loss price in Quantum Growth. For the fourth quarter, Spartan reported earnings of nine cents a share which was below estimates.
What really hurt the stock was Spartan’s outlook for 2009. The company sees this year’s earnings coming in below last year’s. I’m very disappointed in this company. Spartan is now a sell in Quantum Growth.