Everything I just stated for BorgWarner (BWA) I am repeating in Polypore International (PPO). I actually dumped the majority of the remaining position the exact same day I did BWA. However in this case, the stock continued to rally and got into the $29s so my sale near $27 was not as well timed. Either way, I had locked in a 15% gain at the time, and now can repurchase at some discount as the gap is close to filling. I'll take a stab here and hopefully in a market selloff can layer in a new round of purchases lower. This is a modest purchase today of under 1% exposure.
Long Polypore International in fund; no personal position