This one is an easy one: about 9$ per share and earnings of over 2$ ??? P/E of 4,42 ???
Well i think this says it all...
As with automakers and companies like DAN (Dana Holdings) they got it on the chin because of Europe and China slowing down BUT it is now totally oversold and i think today will prove the point for AXL.
I would wait a bit after the bell for market to stabilize to open a position on AXL but this is a great opportunity for a nice mid term profit.
As usual (and more actually) DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE and always do your own due diligence before investing in any stock. CHEAP SHARE PRICE does not necessary mean a real bargain. Play with extreme caution.
Get THE PLAY OF THE DAY on Twitter : @investman2
Well i think this says it all...
As with automakers and companies like DAN (Dana Holdings) they got it on the chin because of Europe and China slowing down BUT it is now totally oversold and i think today will prove the point for AXL.
I would wait a bit after the bell for market to stabilize to open a position on AXL but this is a great opportunity for a nice mid term profit.
As usual (and more actually) DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE and always do your own due diligence before investing in any stock. CHEAP SHARE PRICE does not necessary mean a real bargain. Play with extreme caution.
Get THE PLAY OF THE DAY on Twitter : @investman2
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