JAM_ON_MARKETS

Long $TEN

Long
NYSE:TEN   Tenneco Inc
+ Used cars are soaring which should increase demand for parts.
+ < $1bn market cap against $17 BN revenue
+ PE ratio of 3-4 against sector average of 20 +
+ Rapidly restructuring debt renegotiating longer terms and lower rates
+ 500% off 2017 ATH

- Already 500% off it's lows
- Debt still high. If long terms rates edge higher then the debt will become burdensome even with renegotiated terms.
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