Gentex Corp. (NASDAQ:GNTX) seems well positioned to offset the headwinds faced by the broader auto-component space. With macro headwinds getting stronger and a great valuation, the industry fundamentals are ripe to reward bottom-up stock picking, thus is deserving of a closer look. For Gentex, investments in technology and financial discipline seem to have positioned the business to grab market share as customers gravitate towards affordable premium features in autos.
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Auto ready for cyclical pressures.
Image source: Atlas Quartz
After multi-year growth, there is a widespread acceptance that the auto sector, especially the U.S.-based players, may face a slowdown. Looking at the sector cyclicality or the macroeconomic trends, there is little to argue against the notion,
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