Gabelli: Dana's Commercial Vehicle Strategy is Gaining Momentum

According to a research report published today by Gabelli, Dana Holding Corporation DAN posted in-line 4Q adjusted EPS. Gabelli said in the report, “Dana continues to offer among the best risk/reward profiles in our universe. Despite strong share performance early in 2012, shares still trade at more than a 30% discount to our 2013 PMV estimate of $24 per share. Further, we see Dana as one of the few OE suppliers with opportunities for margin improvement beyond typical operating leverage from volume growth. At under 4x our FY13E EBITDA estimate of $985 million, shares remain attractively valued and we continue to recommend purchase.” Dana closed yesterday at $15.96.