Canadian Auto Sales Figures show sales of new cars and light trucks in Canada were up almost three per cent last month over June of last year.
FORD was the top-selling automaker in Canada, selling more than 30-thousand vehicles last month.
Automodular currently trades at 2.87 times earnings, has a net profit margin of almost 15% (TTM), a return on equity of al ost 35% and, the best part, a dividend yield of 13.71% on a payout ratio of 39%.
If AM were to simply catch up with the rest of its industry, it would be a $4.94 stock. The next earnings announcement is August 8 and it has the potential to be off the charts and will quite likely make anyone who's buying at these levels a lot of money.