What do you do with a very well-run company that enjoys exceptional margins and would still seem to have room to grow share, but is also looking at a possible sea change in its core addressable market that may leave it with much lower content shares and margins? That’s the conundrum with Allison Transmission (ALSN) today; management continues to execute well and generate fantastic margins and cash flows for a commercial vehicle components company, but the advent of electrification in commercial trucks threatens its entire business structure.
I do believe that commercial vehicle