I bought 2000 shares of Lea at $1.25, what are your recommendations regarding this stock.
I bought 2000 of Lea at $1.25 what are your recommendations regarding this stock.
Answers
2082 points
alanj answered 4 months ago …
Lear Corporation is one of the largest independent automotive suppliers in the world. It is also one of the leading suppliers of automotive interior systems in automotive interior market and suppliers in the automotive electrical distribution systems market. It has established in-house capabilities in all five principal segments of the automotive interior market: seat systems; flooring and acoustic systems; door panels; headliners; and instrument panels.
If you are willing to hold this stock, once the economy turns around and people start buying new autos again this company should do quite well. But it's trading flat now and could be awhile before it starts to trend up. It could be 6 months to a year, possibly more.
426 points
MONEYTREE answered 4 months ago …
lear just filed for chapter 11, this stock is in for a bumby ride, i dont know if shares will be wiped out or not but it seems you have a bad loss now anyway, but like alanj said if you are willing to hold for a long time it might be ok , but with them going bankrupt you can never be sure what will happen to shares, I would personally sell it if you can afford to...
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