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American Axle & Manufacturing Holdings Inc. Message Board

  • insidetrack22 insidetrack22 Nov 15, 2012 5:07 PM Flag

    Why AXL is dropping

    AXL's primary customer is GM. GM is losing sales like crazy in Europe because of the European recession. Also, in an effort to reduce cost, GM formed an alliance with Peugot for auto parts. This is not good news for AXL. To further put salt on a wound, the European market may be targeted by Toyota which is trying to make up lost marketshares in China due to the recent Japan/China dispute over some islands in the Pacific. However, at the current price, AXL does seems very attractive if you are willing to hang on to it for the long haul. Overall, GM still have a strong presence in China. As China's economy comes out of a slump, GM cars should do well and that is good news for AXL. I would expect AXL price to gain at least 10% in the near future and for day traders, there is a potential daily profit of 5% simnply due to its volatility.

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AXL
21.075-0.125(-0.59%)3:26 PMEDT