第5名：零部件制造商Meritor

????交易代碼: MTOR

????年初至今股票表現(xiàn): -74%

????市值: 5.03億美元

????財(cái)富500強(qiáng)排名: 463

????去年Meritor曾躋身《財(cái)富》美國(guó)500強(qiáng)十大牛股榜單。時(shí)過境遷，今年投資者們已不再看好這家商用卡車零部件生產(chǎn)商。

????今年這支股票下跌71%，抹去了去年全年的漲幅還要多。

????11月份，Meritor稱，由于“所有地區(qū)的卡車需求上升”，2011財(cái)年銷售額增長(zhǎng)31%。但公司對(duì)2012財(cái)年的銷售額增幅預(yù)測(cè)顯著低于分析人士的預(yù)期。

????歐洲和巴西的卡車銷量下降以及中國(guó)建筑設(shè)備需求疲軟令投資者憂心忡忡。同時(shí)，他們也不滿意Meritor糟糕的現(xiàn)金流以及暗淡的利潤(rùn)率。

????綜合這些因素，“我們相信（Meritor）還要有幾個(gè)季度，才能重新贏得投資者對(duì)其盈利能力的信心，”巴克萊資本的分析師們?cè)谧罱囊环輬?bào)告中寫道。

Meritor

????Ticker: MTOR

????YTD stock performance: -74%

????Market cap: $503 million

????Fortune 500 rank: 463

????Meritor made the list of top-performing stocks last year, but investors have turned bearish on the maker of commercial truck parts.

????The stock is down 71% this year, erasing all of last year's gains, and then some.

????Meritor said in November that fiscal 2011 sales rose 31% on "strengthening truck demand in all regions." But the company's forecast for fiscal 2012 sales growth was well below what analysts were expecting.

????Investors are worried about declining truck volumes in Europe and Brazil, as well as softening demand for construction equipment in China. They are also unhappy with Meritor's weak cash flow and lackluster profit margins.

????This combination of factors "leads us to believe that it will take [Meritor] several quarters to re-establish confidence in its earnings power," analysts at Barclay's Capital wrote in a recent report.