paccar PACCAR INCORPORATED Not too many people would screen Paccar Incorporated to be “a noble-tech development company.” save that is how steel C. Pigott, the 46 year-old chairman and CEO, describes his family-run, Seattle-based, heavy-duty truck manufacturing company. The growth part, at least, is undeniable. In March, Paccar made Business Week’s name of 50 top-performing companies, with an industry- bestowing 24% average annual sales and 40% net pull ahead growth over the previous trine years. A record 108,000 trucks were delivered, compared to 93,800 in 1998.
Paccar has made a profit in each of the last 30 years, including continuous scattering of dividends over that same period, however, its stock price has declined from a gritty of $63 in 1999 to just under $39 in mid-2000. This in the face of first-quarter revenues that came in at $2.2 billion, 7% high than over the same period in 1999. Was this decline the lead of an efficient market ...If you want to get a luxuriant essay, order it on our website:
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