Superior Industries rated as good stock.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 according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Dean Witter Dean Witter may refer to:
As a stock, Superior Industries has been unduly clumped with the rest of the automotive sector, and thus the company is underpriced un·der·price tr.v. un·der·priced, un·der·pric·ing, un·der·pric·es 1. To price lower than the real, normal, or appropriate value. 2. , 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 Price-earnings ratio Shows the multiple of earnings at which a stock sells. Determined by dividing current stock price by current earnings per share (adjusted for stock splits). for the S&P 500, a broad measure of the stock market, said Dean Witter. (A price-earnings ratio is the price of a company's stock divided by earnings per share. For example, a stock selling for $12 and having earnings of $2 per share would sell for a p-e ratio of six.) Although in 1990 domestic automobile production is expected to fall by nearly 7 percent, Superior's sales will improve due to increased market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" . For example, the Ford Thunderbird and Cougar cougar: see puma. cougar or puma or mountain lion or panther Species (Puma concolor) of large, graceful cat that lives in a wide variety of habitats in the Americas, from southern Alaska to Patagonia. models will use Superior Industries wheels exclusively this year, vs. using the Superior wheels on only 70 percent of those models last year. Additionally, Superior Industries has inked a deal to export $5 million worth of wheels to Mazda in Japan in 1990. Superior Industries, which had a net of $16.15 million on revenues of $246.12 million in 1989, has just finished building a plant in Pittsburg, Kan. that is able to produce 2.5 million wheels annually, boosting Superior's overall capacity to 7 million wheels a year. Superior's existing plants are running at full capacity. |
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