BWA (Borg Warner) seems surprisingly strong, but its earnings potential in the near term future seems very much in jeopardy.
I am thinking of buying puts on it, but maybe I am missing something...like a reason as to why it keeps going up? Maybe they have alternate sources of revenue besides auto parts?
I guess traders see auto sales bottoming now, but with possible GM and Chrysler bankruptices in the near future, how would this company not suffer severe profit declines?
I am thinking of buying puts on it, but maybe I am missing something...like a reason as to why it keeps going up? Maybe they have alternate sources of revenue besides auto parts?
I guess traders see auto sales bottoming now, but with possible GM and Chrysler bankruptices in the near future, how would this company not suffer severe profit declines?