GTX - Garrett Motion: Time Is Now
Investment Thesis
The market's uncertainty and pessimism regarding Garrett Motion's (GTX) business and balance sheet have created an attractive risk/reward opportunity for investors. Garrett's underlying business is good and financial concerns will be resolved. In addition, Garrett has a large potential catalyst due to its asbestos liability litigation with Honeywell (HON).
Price Action Creates Good Entry Point
Garrett Motion's stock price and market capitalization have been negatively affected by the coronavirus, general market pessimism and most recently by cautionary remarks made during the Q1 2020 earnings call. Stock price has moved from a high of