An Auto Parts Maker Revs Up

When the market gets tough, money manager Karl-Olof Mills cheers. That's because his style of investing works wonders in down markets. No, Mills is no short-seller. But you won't catch him going after stocks that depend on the market for a boost, such as cyclicals. So why is he so high on Automotive Industries Holding Inc. (AIHI), a supplier of equipment to the definitely cyclical motor trade?

To continue reading this article you must be a Bloomberg Professional Service Subscriber.