The shares of this auto supplier were recently initiated at Gabelli & Co., with a “buy” rating.
Accuride (ACW)
from The Turnaround Letter
Our top pick for 2015 was Accuride (ACW), a maker of wheels and related components for trucks and other commercial vehicles.
The company continues to rebound, both financially and operationally. However, first quarter results, while decent, were not enough to excite investors. A few holders apparently lost patience with the stock and sold, pushing the price down.
We still believe that Accuride is on the right track and that the stock will reward patient investors. Demand for new trucks is on the rise, and the company continues to make operational improvements that will bring more of the revenue down to the bottom line.
Disclosure Note: Accounts managed by an affiliate of the Publisher of The Turnaround Letter own Accuride stock.
George Putnam III, The Turnaround Letter, www.turnaroundletter.com, 617-573-9550, July 6, 2015