Opinions
Irwin Michael, B.Com, MBA
Superior Industries International, Inc.
SUP-N
BUY
Mar 01, 2013
$21.760
Stock price when the opinion was issued
Automotive
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Stockchase Research Editor: Michael O'Reilly
SUP is the world's leading aluminum wheel supplier, with sales diversified in North America and Europe. Net income doubled over the year as operating cash flow improved sharply. Growing cash reserves allowed sizable debt reductions. It trades under book value, while boasting a ROE of 22%. We recommend placing a stop loss at $4.00, looking to achieve $10.00 -- upside potential of 90%. Yield 0%
(Analysts’ price target is $10.50)
Automotive
Aluminum wheel production for cars. This is a technical deep value play. No debt. Sitting on $250 million of cash of which they only need $50 million. Trades at under 10X, so it is cheap. A little over 3% dividend.