Noble International, Ltd. (NOBL)

buygoog (< 20) Submitted: 6/22/08 2:24 AM : Start Price: $5.01 NOBL Score: -57.19

The auto suppliers give financials a real run for their money in terms of distress. NOBL generates substantia free cash flow to survive the distress, and offers a product that is increasingly accepted and increasingly demanded by the auto industry.

They help lower costs and weight of vehicles. This helps increase a vehicles mileage and is an easy way to accomplish it without anything fancy. They basically cut steel into pieces that use the least possible amount of steel while providing the same strength.

This trades very cheaply on what it can earn 2-3 years out, around 4x FCF, and it will still be growing from there on out.

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