Q: What is your opinion on ALV as a small cap energy pick?
5i Research Answer:
Please also reference this question from last month. At 6X earnngs with a 7.8% dividend and a crystal-clean balance sheet, it continues to look good. Its performance this year beats many in the sector. About 8% growth is expected this year, even with lower commodity pricing. Free cash flow is growing nicely. Insiders own 11% and there has been some recent buying. Things look good here.