Autoliv (NYSE:ALV) bills itself as the global leader in automotive safety suppliers and estimates that its products save 25,000 lives annually. Despite the social benefits of its business model and steady growth trends, as demonstrated by double-digit sales growth during its third quarter, fears of a global economic slowdown sent its share price down by more than 30%.
Posted: October 11, 2011 10:34AM by Ryan C. Fuhrmann , CFA
A recent study by consulting firm McKinsey, highlighted that most major downturns in the economy have been caused by “some sort of credit crisis.” For financial firms, the resulting economic recession can lead to ruin. Firms with heavy debt loads or that were caught expanding too aggressively before a downturn, can also be ruined. Yet other firms simply succumb to intense industry competition, as occurs frequently in the technology industry. (To help your portfolio make a comeback from the dead, read Bouncing Back From A Portfolio Hit.)
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