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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (60177)1/17/2018 5:38:52 PM
From: Paul Senior   of 78740
 
Seat supplier ADNT stock down sharply on margin warning:

Per Reuters:

ADIENT PLC ( ADNT ) - DESPITE MANY SUCCESSES IN FY 2017 NEAR-TERM RESULTS ARE BEING "SIGNIFICANTLY IMPACTED" BY SEAT STRUCTURES & MECHANISMS* ADIENT PLC ( ADNT ) - "PREVIOUSLY IDENTIFIED HEADWINDS IMPACTING SS&M HAVE INTENSIFIED SINCE ADIENT’S FOURTH QUARTER EARNINGS CALL" - PRESENTATION* ADIENT - MANAGEMENT ACTING WITH URGENCY TO MITIGATE HEADWINDS; ACTIONS TAKEN TO-DATE INCLUDE CHANGES IN PERSONNEL, OVERSIGHT FOR SS&M BUSINESS* ADIENT - FIRST QUARTER FISCAL 2018 RESULTS ARE EXPECTED TO BE SIGNIFICANTLY IMPACTED BY SS&M* ADIENT - OVERALL MARGINS LIKELY TO TAKE "MODEST STEP BACKWARDS" IN FY 20

This does not look good. Automotive seat business should be pretty good - new car/truck sales are down from record, but still good I have believed. Trying to mitigate the bad news, ADNT announced they were going to partner with Boeing for aircraft seats.

I added a few shares to my seed position today with a view to holding 18 months to see if there's improvement in business or in how ADNT stock is viewed by the market compared to some other auto supplier company stocks (relatively low p/e for ADNT before last night's announcement).

finance.yahoo.com
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