Garrett Motion And The Fallout From The Coronavirus In China's Wuhan Motor City [Seeking Alpha]
Garrett Motion Inc. (GTX)
Last garrett motion inc. earnings: 2/27 07:00 am
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Source: Seeking Alpha
Summary Wuhan is located in the Hubei province, which accounts for 9% of China’s motor vehicle production. Garrett’s China business is responsible for close to 15% of the company’s net sales. If history is any indication, the impact from the virus is likely to be severe in the short term, but almost insignificant in the long term. Investment thesis The coronavirus is wreaking havoc on China's motor vehicle sector, and many global carmakers and original equipment manufacturers (OEMs) will be severely affected in the short term. The operations and market valuations of various western companies are already suffering. However, this also provides opportunities as the business models of some companies, like turbocharger maker Garrett Motion ( GTX Wuhan's significance for China's motor vehicle industry Wuhan is home to 11 million people and is one of China's motor cities. Some of the major car manufacturers that have significant operations there include General Motors ( GM OTCPK:NSANY OTCPK:
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News
- Optimism for Garrett Motion (NASDAQ:GTX) has grown this past week, despite three-year decline in earnings [Yahoo! Finance]Yahoo! Finance
- Garrett Motion to Boost Shareholder Value Via Dividend & Buybacks [Yahoo! Finance]Yahoo! Finance
- Garrett Motion Inc. (GTX): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- Garrett Motion Announces Long-Term Capital Allocation Framework, Including New Quarterly Dividend and $250M Share Repurchase Program for 2025GlobeNewswire
- Garrett Motion Inc. (GTX): This Small-Cap Stock Is Ready To Explode [Yahoo! Finance]Yahoo! Finance
GTX
Earnings
- 10/24/24 - Miss
GTX
Sec Filings
- 12/17/24 - Form SC
- 12/17/24 - Form 4
- 11/19/24 - Form 144
- GTX's page on the SEC website