When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
FURCF - Faurecia Is Slowly Climbing Back To Its Top After Losing 45% Over Unjustified Fears
Faurecia S.A.
Summary
While investors feared a plunge in profits and sent the stock price 60% down, Faurecia (OTCPK:FURCF) has reported stable earnings and now even expects profits to grow in the second half of 2019. This has led the stock to rebound by 15%, but at a valuation of a P/E of 9 and EV/EBIT of around 4, the stock remains an absolute bargain.
Company Profile
One could describe Faurecia best as a French "automotive technology leader". It has all my interest since it is very well positioned for several megatrends (electrification,