September 12, 2019 - 10:41 AM EDT
Valeo May Finally Be Bottoming

Valeo May Finally Be Bottoming

The best I can say about Valeo (VLEEY) is that the shares of this French auto parts company really haven’t done much worse than the peer group over the past year, a stretch over which only a small group of stocks like Aptiv (APTV) are up, and that the company continues to outperform underlying global build rates. Valeo remains one of the least-liked companies that I follow in terms of sell-side support, with several “Underperform/Sell” ratings on the shares.

I continue to believe that the shares reflect an overly pessimistic assessment

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Source: SeekingAlpha (September 12, 2019 - 10:41 AM EDT)