+ Watch REMY
on My Watchlist
This one was was just brought to my attention by a friend here in CAPS, CROIC. It's Remy International (REMY), an auto parts manufacturer of mostly starters and alternators for OEMs and the aftermarket. The company also makes electric engines and locomotive parts. This former division of General Motors went independent, but was eventually forced to file for bankruptcy five years ago.It reemerged from BK a couple of years ago but just listed itself on the NASDAQ in mid-December.To bring things full circle, it is currently majority owned one of my former holdings Fidelity National Financial (FNF).I just went over REMY's most recent earnings presentation. The year-over-year drop in revenue that it experienced is somewhat troubling, but if the numbers on Yahoo! Finance are right, then his is one cheap company:Trailing P/E: 4.01Price/Sales: .51Price/Book: .56Enterprise Value/EBITDA: 3.5I'm not ready to buy Remy in real life yet, but I am definitely going to follow it here in CAPS.Deej
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