because of one weak jobs report, there is evidence that the economy is going to come to a screeching halt? this looks like the correction everyone has been talking about. how long and deep is the only question. earnings season is starting, so we'll let the earnings do the talking for a while. didn't DAN's CEO recently talk optimistically about margins etc?
This is much more than just a weak US jobs report. Dana has been focussing their efforts on growth in BRIC countries and as these economies are slowing, it reduces Dana`s long term outlook. Dana was always one of my favourite stocks based on their consistent earnings and solid business plan. The new Dana seems to be a short term outlook stock in which all efforts are geared to short term profits. I do not hear of any strategy for investments, technology updates or market share gains against Meritor or American Axle. The new technology they proclaim are products previously released but with different marketing names. Their aftermarket strategy seems to be pushing towards the lower quality Chinese product made by non-Dana producers versus the higher quality Spicer product they are famous for. I think that this stock is an average stock that will continue to float with the overall market. Give me a Bosch anyday over this one