on navistar. the company's had $112 million from warranty losses and stemming from the manufacturing in 2006 and 2008. hideous. as pathetic as those charges may have been, they were only the tip of the iceberg. was it last month from $5.79 to a much lower range from $5.24 and talk about not being in control of the situation. navistar is like a truck that jackknifes across the highway all because the driver was asleep at the wheel. contrast that with cummins which delivered a remarkable quarter last month, sales up 19% and earnings coming up at $2.56 a share and the street was looking at $2.54. it was riding high on the huge increase in truck orders worldwide, but particularly from china. ever since the beginning of january, 2012 was becoming the year of the stock picker and nothing drives it home more than the disparity of the two truck companies. we tend to look at price to earnings multiples and growth rates when we need to figure out the price to earnings that figure out the comparison of stock

. >> reporter: truck maker navistar agrees. it's introducing a medium duty truck that will run on compressed natural gas or c.n.g. and a heavy duty over the road semi that will run on lng or liquefied nat gas. eric tech-- president of navistar engine group-- says with natural gas prices currently half that of diesel-- the cost savings for big truck buyers could be significant. >> you look at a truck that will travel maybe 100,000 miles in a year. they could see fuel saving up to $35,000 and that's comparable to what the upcharge for this system would be on their truck. so, in one year they could pay back the complete cost of the system that they buy. >> reporter: but convincing truckers to switch from diesel to natural gas won't be easy if they can't fill up on the road. that's where clean energy comes in. the texas based company is the nation's largest provider of natural gas for the transportation industry. chief marketing officer james harger says clean energy plans to install lng fueling pumps at 150 pilot flying j truck st

cummings is a top two holdings in the fund and we love them here but so navistar is more of a trade. they have disappointed several times but on a 25% pullback being able to get in to it, we think the new engines add money to the bottom line. $5 in earnings. we think we can get ten times on it. >> why -- steve weiss, you bought this today? >> yes. i'll bridge both and be dipping the first change. i bought it because the stock got hit quite a bit. i think it's cheap but if you go back even a month, they put out guidance a month ago and came out today and lowered it. not only based upon the warranty issue but based upon higher costs and to me the management can execute. they have a history of not executing but it's cheap so i'm there for a short period of time. >> maybe for a reason, man. maybe things are cheap for a reason. right? >> i won't be there probably for as long as -- >> can you hear me? can you hear me? weiss? apparently not. took it out on purpose. >> no, no. i thought cortez was going to speak. >> listen, the trucking business, they have said they may see 5% to 18% growth

mission fulfilled we fulfil our mission to work together as hard as possible to hire our veterans navistar is hiring corporatewide. >>i am getting good feedback back ... that this is helpful a number of veterans say they are encouraged by what they are hearing here there are real jobs here for veterans according to these employers, it's at the chicago hilton and towers it's for returning veterans from iraq and if afghanistan but as for older veterans having tough times in the hard job market other agencies of the federal and state government are also working on an ongoing basis with these veterans and a footnote on the fema downstate support ... the governor responded ... the femur rule requires its $17 million worth of damage to the public be there to be eligible for aid ... there was five and half million dollars well short of that threshold for harrisburg so it's inaccurate to say that the state lost aid money because of my failure to apply ... illinois just didn't meet the minimum threshold for fema to step banned this is vigorously disputed by dick durbin who wants to bring federal mo

. >> you can but navistar is the way to do it. they have to convert trucks into natural gas burning engines. and also clean energy. that's another way to play it. >> we're going to take a break. up next, two big movers in the after-hours session. and we're looking at apple's big event on wednesday. more "fast money" straight ahead. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ then don't get nickle and dimed by high cost investments and annoying account fees. at e-trade, our free easy-to-use online tools and experienced retirement specialists can help you build a personalized plan. and with our no annual fee iras and a wide range of low cost investments

so one of the largest trucking fleets in america has just made a deal with our friends at navistar, andhasn't been announced yet, and the incremental cost is in the low $20,000 range, so now, this fleet uses 20,000 gallons, so you'll get about a six-month, seven-month payback on that, and that's a no brainer, jim. >> that's enough to do it. >> that will do it, and we've come a long way from 65,000 now to 25,000. we're done at that point. >> you're absolutely right. you've come a long way. very disappointing day, but, you know, your company is going to do fine without it. and andrew littlefair, president and ceo of clean energy fuel, clne. good to see you, sir. look, the stock is going to trade down because it's kind of inconceivable that this failed. but it failed. i think that this is a company that you buy because the country is smarter than its leaders. that's what's going to happen. businesspeople are smarter than the politicians. clne gets hit and it goes back up. stay with cramer. >> coming up, drill, baby, drill? with drilling in the sweet spot of america back and oil at over $10

in the end he's now working for navistar. he was injured riding in a humvee in iraq.ose sorts of injuries from happening again, ann. >> it's very cool. very cool, kevin tibbles, thank you so much. and you don't have to be in new york or chicago or texas to take part. because take a look, in stuttgart, germany, where a virtual jobs fair is now going on. 35 companies have posted 1500 jobs online. so far more than 10,000 people have logged on and 4,000 have sent in applications. and you can join them by heading to this website today.com/veterans. this is an issue that is very important to the vice president, joe biden, and also his wife jill biden. their son bo served in iraq as a member of the national guard. so we visited iraq with the vice president last year, and he talked very passionately about finding work for our returning veterans. take a look. >> we have an obligation, they fought over here, they've gone through these god-awful sands and deserts in the middle of a war, they're in god forsaken places out in afghanistan, they shouldn't have to come home and fight

navistar, the truck and engine maker cutting its 2012 profit forecast to $425 to $525.75 citing higher health care costs as well as trouble at a brake supplier. american eagle raised to conviction buy. and i've said this before, goldman sachs ought to change that. you know, goldman sachs should not be giving companies a conviction buy, right? just get rid of the whole conviction -- >> what was the sentence? >> raised its -- no, six months, six-month price target from 19 to 18. jpmorgan had its earnings estimate raised by morgan stanley. this all smells bad to me, jpmorgan, morgan stanley, how do they raise the price target? though were allowed since they were separated long ago. some people think they should get back together for the signage. and williams-sonoma earned $1.14 a share, on better than expected sales and smithfield food s earned 59 cents a share, that's the world's largest hog and pork producer. >> you said somoa. >> i almost did, sonoma. >> it reminds me of the girl scout cookies. >>> coming up another exclusive interview. ♪ from the tulane m&a conference.

navistar announced they're working on natural gas engines. of taking what we have in this country in terms of natural gas and applying it to transportation, particularly in the class "a" trucks? >> i was really fascinated with you the previous session in mario's comments about fracing. probably the largest growing segment of the trucking industry today is the companies that are servicing drilling sites and moving water and all the materials necessary to produce natural gas. there's going to be a vote tomorrow i believe in the senate to add what's commonly referred to as the net gas act, the surface transportation bill, that's essentially the concept boone pickens has been promoting to help us take some sting out of the added cost of buying natural gas powered vehicles that delta, the difference between the traditional class 8 diesel powered truck and natural gas powered truck is $35,000, $40,000 per unit. so something like that would help. the president spoke to that last week, that would make a difference, but i can tell you, i'm seeing a lo