Consumer: Autos & Auto Parts - 2010 2nd
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Consumer: Autos & Auto Parts - 2010 2nd

Deutsche Bank Securities analyst Rod Lache, who repeats in second place, “is always available when I need him,” marvels one buy-side backer.

Rod Lache Deutsche Bank Securities


Deutsche Bank Securities analyst Rod Lache, who repeats in second place, “is always available when I need him,” marvels one buy-side backer. Lache looked beyond the troubled U.S. autos market for some of his calls, including winning picks such as a February buy on Sweden’s Autoliv, at $47.26, on the belief that, following restructuring, the Stockholm-based designer and manufacturer of airbags and auto-safety equipment would evince higher margins and “accelerating organic growth.” In early August, after the stock had surged 25.3 percent, to $59.20, the analyst downgraded it to hold, on valuation. The stock ended the month down 8.5 percent, to $54.14.


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In a year when macro concerns overshadowed stock picking, these top analysts came to the aid of investors at sea in the market turbulence.
After two years in the runner-up position, Chip Dillon of Credit Suisse rises to No. 3. “He is able to understand more-esoteric issues specific to the space,” touts one client. Dillon initiated coverage of Pactiv Corp., the maker of Hefty brand trash and sandwich bags and a producer of food-service and food-packaging products, in March with an outperform rating, making the case that the Lake Forest, Illinois–based company was undervalued on the basis of earnings and cash flow.
Michael Gambardella, who sits atop the sector for a third year running, “has been covering this space for 25 years or more — I believe that is the right number — and he offers an unparalleled perspective, given his history with these companies and his relationships,” according to one satisfied client.
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