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What: Shares of auto-parts supplier Dana Holding
So what: First-quarter revenue rose 10% to $1.98 billion, just barely beating estimates. Earnings per share were also strong, reaching $0.44 per share, $0.03 better than estimates. Commercial and off-highway vehicle sales were the drivers of this quarter's results.
Now what: The U.S. truck market appears to be on the comeback, and sales to companies making these trucks has helped Dana Holding. The commercial vehicle segment grew 16% in the quarter, just another sign that the economy is getting back on its feet. Shares are trading at just seven times forward estimates, and I think this is the time to jump in before the stock starts to take off.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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