This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

4 Undervalued Stocks in Clint Eastwood's Favorite Sector


Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Lear (LEA - Get Report) aims to show investors that the scary days of 2008 and 2009 are receding in the rear-view mirror. Even with the challenges in Europe along, Lear is so bullish on its ability to hold its own now and thrive in coming years that it's loosening up the checkbook.

Instead of preserving its $1.1 billion in net cash for the next tough period, the company announced in January that it will hike capital spending around $300 million in 2012. That should help to sharply boost free cash flow in 2013 and beyond as those current investments bear fruit.

Lear is also looking to shrink the share count, hiking an existing $300 million share buyback program up to $700 million. That appears to be a wise move considering shares trade for less than four times trailing EBITDA.

Lear, one of John Paulson's holdings as of the most recently reported period, is one of the highest-yielding automotive stocks, with a current yield of 1.1%.

4 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AXL $25.17 0.88%
GT $26.30 0.59%
LEA $109.62 1.20%
TRW $104.85 0.01%
AAPL $123.05 -0.96%


DOW 17,679.22 +0.99 0.01%
S&P 500 2,060.14 +3.99 0.19%
NASDAQ 4,882.7430 +19.3810 0.40%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs