SUP - Superior Industries International: The Automotive Recovery May Still Reverse

• The U.S and European auto industries have recovered much faster than many expected with most manufacturers' Q3 revenue returning to pre-COVID levels.
• The aluminum wheel manufacturer Superior Industries International has seen its stock triple in value in recent weeks after posting earnings that indicated a near-full recovery.
• While recent auto sales data has been stronger-than-expected, there still may be another wave of declines as the economy remains in a weak long-term position.
• U.S total vehicle sales are trending lower in a similar cyclical pattern to 2006 which proceeded the crash.
• Superior Industries remains a value opportunity, but it may be a value trap if the economy shows any signs of weakness going into next year.

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