BWA - BorgWarner Hammered On Near-Term Pressures And Longer-Term Doubts
Although I did see some risk to BorgWarner (BWA) from "lower for longer" weakness in the global auto market, the 20% decline since my last update seems like a somewhat extreme reaction to what was already known to be a tough operating environment. On the other hand, this is another example of how the difference between longer-term DCF-based valuation and shorter-term earnings-based valuation approaches can toss stocks around, particularly in uncertain and fearful markets.
I don't see much that has changed in BorgWarner's long-term outlook, though I will once again repeat my concern/caveat