American Axle and Manufacturing Bonds, Short Term, High Yield, Fixed Income Investment, Yielding 6.7% YTM

This week, Durig looks at the auto industry to focus on a manufacturer who supplies components to many of the industry’s leader auto makers. American Axle & Manufacturing (NYSE:AXL), a leading supplier of driveline technology, recently released its second quarter results.  The company registered solid free cash flow, net cash from operations and improving EBITDA and EBITDA margins (see bullets above).

Hertz Bonds, Short Term, High Yield, Fixed Income Investment, Yielding 6.5% YTM

For this week’s bond review, Durig Capital ventures into the auto world to look at one of the leading auto rental companies in the U.S. and around the world. Hertz Global (NYSE:HTZ) had a fantastic 2018 and 2019 looks to be shaping up much the same.

  • First quarter 2019 is the seventh consecutive quarter the company has recorded year-over-year growth.
  • Total revenues were up 2% (during one the company’s historically slow quarters), up 4% on a constant currency basis.
  • Revenues in the U.S. grew by 7%.
  • Cash flow provided by operating activities grew by 28% over first quarter 2018.
  • First quarter 2019 interest coverage of 3.4x.

Vehicle Anti-Theft Market to Thrive Moderately at a Healthy CAGR during the Forecast Period 2018 to 2022

Market Research Future’s (MRFR) latest study reveals that the global vehicle anti-theft market is set to exhibit a substantial growth at a moderate pace over the forecast period 2016 to 2022. The technological advancements adopted by the vehicle anti-theft industry leaders is expected to catapult the market on an upward trajectory for the next few years.

The boom witnessed in the automotive sector has a direct and a positive influence on the growth of the vehicle anti-theft market. The increasing demand for automobiles equipped with vehicle anti-theft technologies is projected to fuel demand for vehicle anti-theft security solutions through the assessment period.