Edwin Miska, Director of Equities at First Investors Corporation, got involved with Delphi Automotive PLC (DLPH) early on in the company’s public life, and has seen DLPH benefit from the growth in car sales due to its share in the electronic component market.
“Automotive suppliers went through a cycle in the post-recession period where they wound up having to restructure relationships that they had with the big three automakers. As a result they emerged with relatively clean balance sheets, free of any sort of legacy issues, and may have been able to grow as car sales have been up globally,” Miska said.
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Miska is attracted to Delphi because of its participation in the electronic components that control vehicles.
“They do both the wiring as well as providing some of the electronic boxed content, or the ‘brains’ of the auto, particularly within the center console. That’s been one of the areas that Delphi has been taking tremendous market share in,” Miska said.
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