Sell: Stoneridge (SRI)
From Upside
Updated from Wall Street’s Best Investments 780, April 20, 2016
Stoneridge (SRI) was downgraded to Sell largely because the stock seemed expensive. Up 49% so far this year, shares trade at 20 times trailing earnings—a 26% premium to auto parts makers in the S&P 1500 Index. The stock’s five-year average P/E is 18.
Richard J. Moroney, CFA, Upside, www.upsidestocks.com, 800-233-5922, August 2018