Since emerging from bankruptcy at the end of 2011, Delphi Automotive's (NYSE:DLPH) stock has maintained an impressive upward trend. Starting at the IPO price of $21 a share and rising to nearly $70 a share today, early investors in the restructured Delphi would have earned over 230% returns in just over two years (a little under 100% a year) on their initial investment, not including dividend payments initiated in 2013. The chart of Delphi's performance speaks for itself.
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With such an impressive track record, an investor like me has to wonder if continued growth is sustainable at the pace it has taken in the past. For a number of reasons discussed below, I believe Delphi...
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