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redjim-
BWA is a solid, no nonsense, manufacturer that has some, but not all, the qualities of a cyclical. You mentioned that you had reservations based on the assumption that as an auto parts manufacturer (timing chains, turbochargers, etc.), BWA's fortunes would likely mirror the ups and downs of that industry. This is only partly correct.
BWA makes parts for new vehicles and would do better in a strong auto market, but even in weak years it will have sales for replacement parts. Also, if the auto market is stagnant, BWA can still grow by capturing more market which it has been doing.
I have purchased about 300 shares in the $42-$50 range recently and expect continued strengthening of this stock as the market broadens.
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