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Non-Tech : Gentex (GNTX) -- Ignore unavailable to you. Want to Upgrade?

To: Afilarguros who wrote (128)	8/18/1998 9:01:00 AM
From: Turs	Read Replies (1) \| Respond to of 196

As I've said before, that is the biggest risk with this company. However, at worst, auto production would fall around 10% from peak to trough. Right now, it may be growing a couple percent. So, that would lop off let's say 15% from GNTX's growth rate. And I agree that the higher priced cars that the EC mirrors are currently sold on would take the biggest hit - I would bet that with the length of the economic prosperity and the strength of the stock market, there are people who have been able to buy these types of automobiles who would not otherwise have owned a Lexus or a BMW. Still, with GNTX growing units sold at 25-30% and penetration now beginning to move into some mid-sized models, there should still be positive year over year growth. Anyway, I believe that the current multiple prices in this risk for the most part. If we DON'T have a recession, this stock is a double in a year and a half. You shouldn't miss that opportunity because of the risk of recession - every stock has risks and the key is to figure out at what price the opportunity substantially outweighs the risks. For GNTX, I believe that price is HERE. Turs