Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Dana Holding Finding It Hard To Hold Onto Growth

It's been a rough 12 months for the vehicle components space, as investors have started worrying about whether passenger vehicle growth will prove sustainable in North America and the EU, while commercial vehicle demand rolls over and off-highway vehicle demand remains moribund. Of the companies I pay the most attention to, Dana (NYSE:DAN) has been among the weakest performers as the company has significant exposure to the weakening/weak commercial and off-highway markets and additional market share concerns as well. When it comes to the valuation, Dana is probably undervalued today but it is difficult to defend a company with a track record of more earnings misses than beats, heavy exposure to weak markets and geographies, and relatively weak ...
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