John Sheehy
Deep value, special situations, foreign companies

China Zenix Auto Rolls Over The Competition

Shares of China Zenix Auto (NYSE:ZX), China's leading producer of wheels for commercial vehicles, appear attractively priced at 4X depressed 2013 earnings and 42% of tangible book value. In order to better understand the company I recently traveled at my own expense to Fujian Province to meet with management and visit two manufacturing facilities. This article will share my first hand observations, but I will not provide an overview of the complete company, its financial performance, or its corporate governance. Interested investors should read the company's investor presentation (contact Grayling IR), Annual Report, and become familiar with other suppliers of commercial vehicle parts such as engine maker China Yuchai (NYSE:CYD), brake maker SORL (NASDAQ:SORL...

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