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Article: Superior Industries rated as good stock. (Superior Industries International Inc.)
- Article from:
- Los Angeles Business Journal
- Article date:
- March 19, 1990
CopyrightCOPYRIGHT 1990 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Superior Industries rated as good stock
Superior Industries International Inc., the Van Nuys-based automotive wheel manufacturer, is ready to roll down Wall Street in fine style, according to Dean Witter, the New York-based brokerage house.
As a stock, Superior Industries has been unduly clumped with the rest of the automotive sector, and thus the company is underpriced, said Dean Witter.
The aluminum wheel-maker has reported eight straight years of record earnings, and at about $20 a share is now selling for just 8.4 times estimated 1990 earnings, compared with a 13.1 price-earnings ratio for the S&P 500, a broad measure of the stock market, said ...