Federal-Mogul Corporation - Value Alert
Baseline equity research, all cap value, Long Only, Value
Seeking Alpha Analyst Since 2007
I manage Wax Ink, an equity research firm comprised of individual investors not licensed or registered with any government agency. I have been an all cap value investor and independent equity researcher for the past 30 years.
Texas (July 25 2013) Wax Ink has issued a No Investment Interest rating for Federal-Mogul Corporation (Nasdaq: FDML) based on a recent baseline equity review which placed fair value between $15-$18.
The recent close of $14.85 is approximately 39% above the fair value buy target for the stock and approximately 33% below the fair value close target for the stock. The recent close is also 7% below analysts' twelve-month $16.00 median price target for the stock.
The recent close represents a 62% increase in the year over year price of the stock.
The stock currently has a trailing twelve-month PE Ratio of 4, and a PEG Ratio of 0.3 basis estimated forward earnings growth of 14%.
In the past 52 weeks, share prices have moved between a high of $14.91 and a low of $4.80, placing equilibrium at $9.26.
Basis the recent close, the stock is trading 0.5% below the 52 week high, 68% above the 52 week low, 38% above equilibrium, and has an average daily trading volume of approximately 356,000 shares.
Federal-Mogul Corporation supplies various powertrain components, disc brake pads, and related accessories, in the United States and internationally.
The company's competitors include Bosch Corporation, Dana Holding Corporation, and GKN plc.
Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending December 31, 2012. All prices are per share unless otherwise noted.
Wax Ink currently has no investment position in the company mentioned in this alert.
For use by Accredited Investors as defined under Title 17, CFR §230.500, Regulation D.
Wax Ink is a baseline equity research company NOT licensed or registered with any government agency
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.