Gary Bourgeault
Long only, research analyst, portfolio strategy, media

Will Improving Auto Parts Industry Boost Accuride?

When I last wrote on Accuride (NYSE:ACW) on June 7, 2013, my thesis was it appeared to have positioned itself for a nice move in the second half of the year. It actually happened quicker than I thought, jumping from $5.10 per share at that time to $6.66 per share on July 18, 2013.

Not long afterward it began a precipitous drop, eventually plunging to as low a $3.10 per share in early November. From there it has regained momentum, closing at $5.70 per share on May 1, 2014.

Much of this performance has been because the overall auto parts industry Accuride operates in took longer to rebound than was expected. Only within the last month or so...

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