Report by BWS Financial
Hamed Khorsand raises his sales and EBITDA estimates citing continued improvement in the automobile industry - a stronger Euro should reduce the headwind GTX has experienced in prior quarters. In addition, management’s forecast of a sequential decline in average price per unit should reverse by the time GTX reports 4Q results. The stock has been trading around $7.50 after the company said it was evaluating options, but Hamed doesn't expect GTX to sell right now and expects the shares to rerate higher as investors realise there is more to the group’s product line than just turbochargers for internal combustion engines. 100% upside.