BWA seems incredibly strong

Discussion in 'Stocks' started by Trader7793, Apr 3, 2009.

  1. BWA (Borg Warner) seems surprisingly strong, but its earnings potential in the near term future seems very much in jeopardy.

    I am thinking of buying puts on it, but maybe I am missing a reason as to why it keeps going up? Maybe they have alternate sources of revenue besides auto parts?

    I guess traders see auto sales bottoming now, but with possible GM and Chrysler bankruptices in the near future, how would this company not suffer severe profit declines?