is blowing through shorts, adding another nearly 5% today. (starting to look like Las Vegas Sands chart)  These companies have right sized to such a degree they are minting money at sub 12M in annual US sales (and not so great European demand).   If we see the domestic auto market back to 13-14M (peak during "using your house to buy pools, granite countertops, vacations, and cars" era was 16M+) the EPS potential will be profound.   I am not counting on that... 12-13M in 2011 would be fine, and probably 13.5-14.5M is what the US market can support without 'easy money' policies, in a normally functioning economy  The big caveat in the near term is commodity costs as these companies are heavy material users so that is going to be the main risk go forward, as sales volumes should not go down much from here.  (and yes, I am still bullish on GM - in fact the government granted them $45-$50B of tax free gains as part of the bailout - how is that for corporate socialism?  Almost as nice the banking TARP)  

This supplier group reminds me of fertilizer stocks circa 2007 - that was my favorite group back then because analysts had no idea how to model the earnings, and each quarter you'd get huge upside surprises.  So many labor and benefit costs have been taken out of this group in the past 3 years, people simply do not understand.  While awful for the worker class, it is great for the investor class - a testament to the greater U.S. economy as a whole and why the bottom 2/3rds are flailing.  (but don't worry, prosperity will 'trickle down' to these people as long as the corporations print record profits - that's what the textbooks say, granted we've been waiting 2 decades but just be patient)  The long term 'risk' for this group is the suppliers that are more unionized are going to have to give something back to labor once they see the huge profits the companies are accumulating.  But that should still be a while down the road.