VLEEY - BorgWarner Looks Undervalued As A Post-Panic Recovery Play
BorgWarner (BWA) shares have already recouped some of the panic-selling declines, but the shares continue to trade well below what I believe to be a fair long-term assessment of the company’s value, with or without the Delphi (DLPH) deal. The process of getting auto production back on its feet will be a challenge, as will the conversion/evolution toward electric powertrains, but I believe it’s a challenge that BorgWarner is up for, and I believe buying today offers attractive long-term value.
Strong Underlying Outperformance
With BorgWarner’s first quarter results, as with many