Barry Schwartz
Axalta Coating Systems Ltd.
AXTA-N
PAST TOP PICK
Apr 01, 2019
(A Top Pick Apr 23/18, Down 15%) He sold it because the CEO stepped down and the new CEO wasn't qualified--a disaster. It's still a profitable company facing with little competition. It should have a better 2019.
They refinish paint for cars and other coatings. Berkshire Hathaway owns 10% of this, and in 2017 two companies were trying to buy it.. A growth play on the coatings business which is consolidating. Valuation is attractive. Worth at least $42/share. (Analysts' price target $33.75)