I am adding to my position with every pull back! As long as car sales are stable or rising we are in good shape.
It's like the energizer bunny! Pickup sales and SUV sales are up, in August, and AXL trades at 5 times next years earnings! No brainer!!!!
Sentiment: Strong Buy
I also hold AXL. But take a look at Martinrea (MRE.TO). It is a Canadian auto parts maker that appears to be reasonably priced.
Just keeps moving up. AXL up 23% since my 1st purchase in the Spring! Low PE and increasing auto demand for the 1st time in many years bode well for this stock! My position is complete, I just sitting back watching the price go up!