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SUP - Superior Industries: It's Not Just About China
Superior Industries International Inc.
The last few months have not been kind to Superior Industries(SUP), which has dropped 46% from its recent peak of around $3.80. While it may seem tempting to buy the dip, it could turn out to be very dangerous to do so, as we believe that SUP will have a high chance of filing for bankruptcy if the coronavirus outbreak gets worse.
2019 results
Even without the coronavirus situation, 2019 was a pretty horrible year for the auto industry and for SUP. A strike at GM and soft conditions in the overall auto