With European vehicle production softening and any company with
substantial European business facing significant currency headwinds, the
question going into
BorgWarner's (NYSE:
BWA)
second quarter seemed to be just how bad things would be. While
BorgWarner did disappoint (the second miss in a row) and lower guidance,
this remains an interesting growth story within a very mature industry,
and one that investors may want to follow a little more closely.
Please read more here:
http://stocks.investopedia.com/stock-analysis/2012/BorgWarner---Patience-May-Not-Be-Futile-BWA-HON-CMI-ETN0727.aspx
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