Spartan Motors: Has the Bleeding Stopped?

With a title like this, you might think that Spartan Motors, Inc. (SPAR) is losing money...bleeding red ink, if you will. That is not the case at all. What was bleeding was Spartan Motor's market cap as the stock plunged. The company was trading at a high of $11.06 in mid-July and their stock has plummeted to close at $5.47 on August 18th.

Spartan Motors, Inc. designs, engineers and manufactures custom chassis and vehicles for the recreational vehicle, fire truck, ambulance, emergency-rescue, military and specialty vehicle markets.