Darspal S Mann
Long/short equity, growth at reasonable price, special situations, deep value

Improving Truck Market Can Help Accuride Make A Comeback

Accuride Corp. (NYSE:ACW), over the last few years, has suffered from weak revenues, market share losses at OEM's and weak balance sheet among other issues, but most of it is well reflected in investor's expectations, as evident from the stock performance.

Commercial vehicle (CV) sales, which, along with associated aftermarkets in the North America that drive almost 80% of the company's revenue, are making a strong & consistent comeback. Demand is fueled by an improving economy, rising state budgets, aging inventory and investments in infrastructure, especially roads, bridges and federal highways.

Besides a macro tailwind, the company should benefit from implementation of an ERP & scheduling system, improvement in utilization rates, market share gains in new & aftermarket...

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