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

Cooper-Standard Holdings: Too Late To Fix Now, The Auto Storm Is Here

Cooper-Standard Holdings Inc. (CPS) has been a great comeback story after coming out of bankruptcy in 2010, but now the fundamentals suggest that headwinds experienced by the auto industry may arrest the improvement underway, while the expectations from the business as well as the stock continue to stay at an elevated level.

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Image Source: Cooper-Standard holdings

The business has been a great comeback story in the auto industry. After the excesses of early-mid 2000s, the company went into bankruptcy in 2009 and quickly came out of bankruptcy in 2010. The lure was understandable - restructured debt, a growing economy and high exposure to fast recovering customers like General Motors (GM), Ford (

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