Opinions
Robert Stovall
Genuine Parts Company
GPC-N
TOP PICK
May 21, 2004
A steady earner. Single-digit growth in earnings year after year. Dividend is OK.
$36.230
Stock price when the opinion was issued
Automotive
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TOP PICK
Stockchase Editor: Michael O'Reilly GPC has increased its dividend for 63 consecutive years -- a real Dividend star. The company focuses on aftermarket and replacement car parts -- a rising trend given that new car sales are stagnating. Technically, the stock is riding an up trend with higher lows being made regularly. We would use $82 as a stop loss point and see an upside towards $115. We like the dividend and see it being stable. Yield 3.45%
Automotive
PAST TOP PICK
(A Top Pick Jul 30/20, Up 25.3%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with GPC has achieved its objective of $115. To remain disciplined we now recommend covering 50% of the position and trailing up the stop (from $82) to $97. If triggered, this would all but guarantee a minimum investment return exceeding 15%.
Automotive
PAST TOP PICK
(A Top Pick Jul 30/20, Up 43.5%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with GPC is progressing well. We are now recommending to trail up the stop (from $97) to $120. If triggered, this would all but insure a total investment return over 28%, including the previous recommendation to cover 50% of the position,
Automotive
PAST TOP PICK
(A Top Pick Jul 30/20, Up 30.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with GPC has triggered its stop at $120. We recommend covering the balance of the position at this time. Combined with the previous recommendation to cover half, this results in a net investment return of 28%.
Automotive
BUY
He just bought this car part company. This is relatively recession-proof, because more people are returning to work and they will drive. So, car parts will need to be replaced. Trades at an attractive 17x PE and pays a 2.6% dividend. Also, there's a lot of construction going on and that will require cars.
Automotive
BUY
Was up 26% this year, the best performer in this space. It distributes parts in the car industry. Reason? There was a new car shortage and were high used car prices, so people fixed up their existing cars by replacing parts. But used car prices have fallen and new cars will also fall. But all these car parts stocks trade cheaply around 19-20x PE.
Automotive
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