Is it time? The market is struggling, many signals are screaming SELL and the volatility has increased in the last few months.
However, for value investors, with a long-term view, this can be the best time to initiate a position in good companies.
During the last few months we have watched the sell-off of the auto parts industry. Auto manufacturing rates keep decelerating in the EU and China due to the new world-harmonized light-vehicle test procedures (WLTP).
The tax Imposed by the WLTP created slower demand, which led to lower revenue and margin guidance