Auto parts. The auto industry is continuing to recover and thinks they will do well into the future. Have a broad cut-out of very good customers. Coming out with products that, from a technology standpoint, are better. They are lighter, which has implications from a fuel economy standpoint. Trading at a nice multiple and it has growth opportunity.
This is a 2nd derivative play off the auto recovery. US auto industry is moving back to a normalized rate of production. Also, the average car in the US continues to get older and older and is currently around 11 years old.
Dana Holding is a American stock, trading under the symbol DAN-N on the New York Stock Exchange (DAN). It is usually referred to as NYSE:DAN or DAN-N
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In the last year, there was no coverage of Dana Holding published on Stockchase.
On 2022-05-23, Dana Holding (DAN-N) stock closed at a price of $15.22.
(A Top Pick Aug 20/14. Down 29.81%.) In the car parts business, and one of the very big effects is the China play. China represents something like a 3rd of the total car market. He still likes the company very much. Trading at about 8X earnings. They have bought back a lot of their stock. Backlog is growing quite dramatically, but they have a couple of headwinds. One is China and the other is South America, but this will turn over and change.