Yes. If investors catch on to what is going on in the auto business, this could become a highly overvalued stock fast. A huge piece of the auto manufacturing and parts business is moving to China. Even GM is singing success stories there and this company is providing a gateway for all US suppliers to get in on the act. In that respect, they are doing something very unique.
I think their latest idea of the auto salon in Detroit is brilliant. It not only gives US suppliers a way to easily do deals with Asian manufacturers, but also gives Asian manufacturers a cost effective presence in the US.
Plus, their core business of forging auto parts is already growing very nicely. Looks like a win win to me.
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