In his first Executive Decision segment of "Mad Money" Monday, host Jim Cramer spoke with Scott Wine, chairman and CEO of Polaris Inc. (PII) , the off-road vehicle maker that saw its shares fall sharply Monday as investors were quick to dump outdoor and recreation stocks on news of a promising Covid-19 vaccine.
Wine said demand is strong for the company's vehicles and Polaris continues to be constrained by supply. He said it's not practical to expect its suppliers to ramp up production by 50% in a matter of months.
Polaris is also seeing strong demand for the light tactical vehicles it is selling to the military. The company has debuted 11 products for the military over the past 12 years and those vehicles will continue to be in demand, Wine said. That's because Polaris builds those vehicles to the exact specs the military needs.
Let's check out the charts of Polaris again. We last looked at PII on Sept. 30 and wrote at that time, "There are enough bearish signals from the indicators on PII to keep us from going long. Trading volume has increased on the downside on the daily chart and the weekly chart and that is rarely the pattern of accumulation or buying. Avoid the long side of PII."