I was fairly bullish on Tenneco (TEN)
when I last wrote about the company back in January of 2012, as I
thought the market would turn to this stock as a recovery trade and also
bid it higher on the prospects for a growing contribution from
higher-margin commercial vehicle business. While the trade idea has
worked pretty well - the stock is up about 70% since my recommendation,
and significantly outperformed BorgWarner (BWA), Cummins (CMI), and the S&P 500 - I think it might be time to tap the brakes here.
Continue reading here:
Tenneco Really Needs To Start Showing Margin Leverage
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