A takeover makes perfect sense. For whatever reason, this stock has not been properly valued.
I will again point to their increased profitability, reduced pension contribution obligations, and an attractive opportunity to enhance revenue due to the age of the trucking fleets.
If AXL is looking for an acquistion, they would do well to make an $8 bid for MTOR.
I think MTOR is worth a heck of a lot more than that, but I can see the appeal of a nice premium through a takeover.
I agree with you. Doesn't seem like the current price is taking into account the reduced pension contribution obligation, I could see a gain coming soon as profits continue to increase or potentially a takeover. Strong buy anything under $4.50