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IBDvalueinvestin (98.45)

AXL forecast a Breakout Year in 2010:



June 14, 2010 – Comments (0) | RELATED TICKERS: AXL , MOD , ALV

Forward P/E (1 yr): 6.51

On last qtr's earnings call, co says 2010 profitability is trending higher than expected due to production and capacity utilization. The co is looking to diversify customer base and is expecting a breakout year in 2010 adding Volkswagen, Audi, Nissan, Tata Motors, and Mack Truck to their capabilities. Co is looking to expand business in Asia. The company recently completed their first wholly owned site in Thailand, the world's second largest light truck market. In China the company is looking to serve crossover and multi-purpose vehicles.

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