Tenneco Inc.

TEN-N

NYSE:TEN

13.48
0.93 (6.45%)
Tenneco is an American Fortune 500 company that has been publicly traded on the NYSE since November 5, 1999 under the symbol TEN.
More at Wikipedia

Analysis and Opinions about TEN-N

Signal
Opinion
Expert
HOLD
HOLD
March 21, 2019
It is in the second derivative auto parts business. They have been acquired and the buyer is setting up two separate businesses. The moving parts are confusing the markets. This industry is not getting a lot of love because people think we are at peak auto sales. He thinks it is cheap. Let the dust settle and get guidance out of the company and he thinks there will be opportunity here. Don't overly concentrate in this kind of speculative position.
Tenneco Inc. (TEN-N)
March 21, 2019
It is in the second derivative auto parts business. They have been acquired and the buyer is setting up two separate businesses. The moving parts are confusing the markets. This industry is not getting a lot of love because people think we are at peak auto sales. He thinks it is cheap. Let the dust settle and get guidance out of the company and he thinks there will be opportunity here. Don't overly concentrate in this kind of speculative position.
Gordon Reid
President, GoodReid Investment Counsel
Price
$24.500
Owned
Unknown
TOP PICK
TOP PICK
July 17, 2018

They make car exhaust and ride control systems. Recently bought Federal-Mogul that will merge at first, then split into two companies. It's a really cheap company at 6x forward earnings. Investors are abandoning sectors like this, so this is a serious opportunity. (Analysts' price target: $57.67)

Tenneco Inc. (TEN-N)
July 17, 2018

They make car exhaust and ride control systems. Recently bought Federal-Mogul that will merge at first, then split into two companies. It's a really cheap company at 6x forward earnings. Investors are abandoning sectors like this, so this is a serious opportunity. (Analysts' price target: $57.67)

Gordon Reid
President, GoodReid Investment Counsel
Price
$44.370
Owned
Yes
TOP PICK
TOP PICK
August 3, 2016

A derivative of the auto play. It manufactures exhausts and ride control systems. Some of the auto companies have had issues, but we are still seeing record levels of units. The run rate is still about 18 million units in North America, and about 60 million globally. What he likes is that it has a catalyst. Emission standards have been tightened, and will continue to do so.

Tenneco Inc. (TEN-N)
August 3, 2016

A derivative of the auto play. It manufactures exhausts and ride control systems. Some of the auto companies have had issues, but we are still seeing record levels of units. The run rate is still about 18 million units in North America, and about 60 million globally. What he likes is that it has a catalyst. Emission standards have been tightened, and will continue to do so.

Gordon Reid
President, GoodReid Investment Counsel
Price
$54.620
Owned
Yes
PAST TOP PICK
PAST TOP PICK
June 15, 2016

(A Top Pick June 16/15. Down 11.9%.) A provider of car parts. A major manufacturer of exhaust systems and suspensions. The catalyst to this is the regulatory one, as globally countries are stiffening the requirements for exhaust emissions. Still a Buy.

Tenneco Inc. (TEN-N)
June 15, 2016

(A Top Pick June 16/15. Down 11.9%.) A provider of car parts. A major manufacturer of exhaust systems and suspensions. The catalyst to this is the regulatory one, as globally countries are stiffening the requirements for exhaust emissions. Still a Buy.

Gordon Reid
President, GoodReid Investment Counsel
Price
$53.000
Owned
Yes
PAST TOP PICK
PAST TOP PICK
November 4, 2015

(A Top Pick Nov 3/14. Up 4.91%.) In the auto supply business. They do exhaust systems. With global legislation on remission control, this company will do well.

Tenneco Inc. (TEN-N)
November 4, 2015

(A Top Pick Nov 3/14. Up 4.91%.) In the auto supply business. They do exhaust systems. With global legislation on remission control, this company will do well.

Gordon Reid
President, GoodReid Investment Counsel
Price
$55.110
Owned
Yes
TOP PICK
TOP PICK
June 16, 2015

Involved in exhaust systems for vehicles, both commercial vehicles and automobiles. A lot of their growth is coming from off-road farm machinery types of vehicles. Exhaust emission standards are ever increasing globally. Not expensive and trading at a very reasonable multiple.

Tenneco Inc. (TEN-N)
June 16, 2015

Involved in exhaust systems for vehicles, both commercial vehicles and automobiles. A lot of their growth is coming from off-road farm machinery types of vehicles. Exhaust emission standards are ever increasing globally. Not expensive and trading at a very reasonable multiple.

Gordon Reid
President, GoodReid Investment Counsel
Price
$60.160
Owned
Yes
COMMENT
COMMENT
January 15, 2015

Exposed primarily to exhaust systems. One of the benefits is that there is legislation and pending legislation on emissions and the controls that are needed, and this is the major producer in this area. He thinks auto growth will probably get to 18 million units on an annual basis in the US fairly soon. Europe and emerging markets are at different stages, but they also represent good value. This is very well positioned and should do well in the long term.

Tenneco Inc. (TEN-N)
January 15, 2015

Exposed primarily to exhaust systems. One of the benefits is that there is legislation and pending legislation on emissions and the controls that are needed, and this is the major producer in this area. He thinks auto growth will probably get to 18 million units on an annual basis in the US fairly soon. Europe and emerging markets are at different stages, but they also represent good value. This is very well positioned and should do well in the long term.

Gordon Reid
President, GoodReid Investment Counsel
Price
$49.480
Owned
No
TOP PICK
TOP PICK
November 3, 2014

They are in the exhaust and ride control, manufacturing business. Most of their business comes from the OEMs. There are about 16.5 million new vehicles produced every year in North America. He thinks this can grow to 18-18.5 million before the cycle is done. There is a strong catalyst in that the exhaust systems’ requirements become tighter and tighter in terms of emission controls. Trading at about 10X earnings. Great free cash flow yield.

Tenneco Inc. (TEN-N)
November 3, 2014

They are in the exhaust and ride control, manufacturing business. Most of their business comes from the OEMs. There are about 16.5 million new vehicles produced every year in North America. He thinks this can grow to 18-18.5 million before the cycle is done. There is a strong catalyst in that the exhaust systems’ requirements become tighter and tighter in terms of emission controls. Trading at about 10X earnings. Great free cash flow yield.

Gordon Reid
President, GoodReid Investment Counsel
Price
$52.520
Owned
Yes
PAST TOP PICK
PAST TOP PICK
August 20, 2014

(A Top Pick Aug 20/13. Up 37.33%.) 15X earnings for a company doing what they are doing, is not excessive. Thinks there is more opportunity and organic growth and multiple revision.

Tenneco Inc. (TEN-N)
August 20, 2014

(A Top Pick Aug 20/13. Up 37.33%.) 15X earnings for a company doing what they are doing, is not excessive. Thinks there is more opportunity and organic growth and multiple revision.

Gordon Reid
President, GoodReid Investment Counsel
Price
$65.230
Owned
Yes
TOP PICK
TOP PICK
August 20, 2013

He likes his motors. They make exhaust systems and ride control systems. There are government lead initiatives to reduce carbon emissions. That means this company will supply new product. 10.5 times next year’s earnings.

Tenneco Inc. (TEN-N)
August 20, 2013

He likes his motors. They make exhaust systems and ride control systems. There are government lead initiatives to reduce carbon emissions. That means this company will supply new product. 10.5 times next year’s earnings.

Gordon Reid
President, GoodReid Investment Counsel
Price
$47.500
Owned
Yes
PAST TOP PICK
PAST TOP PICK
September 20, 2012

(A Top Pick Aug 31/11. Down 8.83%.) Automotive parts. The whole auto group is down but this still has plenty of potential. Well-positioned because of governmental regulations on emissions.

Tenneco Inc. (TEN-N)
September 20, 2012

(A Top Pick Aug 31/11. Down 8.83%.) Automotive parts. The whole auto group is down but this still has plenty of potential. Well-positioned because of governmental regulations on emissions.

Gordon Reid
President, GoodReid Investment Counsel
Price
$29.960
Owned
Yes
PAST TOP PICK
PAST TOP PICK
August 22, 2012

(A Top Pick Aug 31/11. Down 6.24%.) Aftermarket auto parts company and this has been a choppy area but the catalyst is, emission controls are becoming more and more strict so you are going to have to upgrade systems to continue being approved. Expects organic growth will be in the 14%-15% range.

Tenneco Inc. (TEN-N)
August 22, 2012

(A Top Pick Aug 31/11. Down 6.24%.) Aftermarket auto parts company and this has been a choppy area but the catalyst is, emission controls are becoming more and more strict so you are going to have to upgrade systems to continue being approved. Expects organic growth will be in the 14%-15% range.

Gordon Reid
President, GoodReid Investment Counsel
Price
$30.750
Owned
Yes
TOP PICK
TOP PICK
August 31, 2011
Automotive business. Mission control business. Expects automotive business to get back into normal state shortly. Emission control technology. Cheap, Cheap stock, 7.5x earnings. They sell to big manufacturers but the after market is a big piece too.
Tenneco Inc. (TEN-N)
August 31, 2011
Automotive business. Mission control business. Expects automotive business to get back into normal state shortly. Emission control technology. Cheap, Cheap stock, 7.5x earnings. They sell to big manufacturers but the after market is a big piece too.
Gordon Reid
President, GoodReid Investment Counsel
Price
$32.810
Owned
Yes
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