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The 2013 All-America Research Team: Autos & Auto Parts, No. 1: Rod Lache
Now based in Port Orange, Florida, Deutsche Bank Securities’Rod Lacherepeats in first place. Last fall, after interviewing a variety of industry sources, Lache concluded that a then-pending end to a U.S. tariff on imported Chinese tires would not adversely impact American producers, partly because raw materials costs were declining. So in September 2012 he upgraded Cooper Tire & Rubber Co. from hold to buy, at $19.94. Through August shares of the Findlay, Ohio–based manufacturer of replacement tires soared 60.1 percent, to $31.93, besting even the sector’s impressive 46.2 percent rise. Lache is “great at deciphering information and providing big-picture perspective,” imparts one grateful portfolio manager. A longtime favorite among the 22 stocks the analyst tracks is Delphi Automotive, a U.K.-based components maker. “The company is positioned to be one of the most profitable and cash-flow-generative suppliers we cover,” says Lache, 43, who reiterated his buy rating throughout last year and into 2013. In the 12 months through August, the stock sped ahead 86.7 percent. “Rod has made consistently good and timely recommendations,” affirms one fund manager.——本Mattlin |
