Barclays analyst Brian Johnson downgraded the entire U.S. Autos and Auto Parts sector to "Negative" from "Neutral" due to concerns in China, negative sales in the third quarter and declining production in 2016.
IMO, it is a very cheap sector.
Ditto on the gobbledegook
It has an excellent PEG ratio and Free Cash Flow is %5 of Market cap. Hard to find such gems today.
With 3/4 of the shares institutionally owned, the takeover handwriting is on the wall.
You collect $12, lose the stock and keep the premium.
You are on the ball. Nice simple explanation.