Dana Holding (DAN-N)

At this point in the cycle, you can't buy an auto parts maker, even a good company.

(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 3^rd 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.

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 2^nd 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.

(Top Pick May 9/12, Up 30.36%)