Visteon Corp (VC) is an automotive supplier that engages in the engineering of electronic, lighting, and interior products for its vehicle manufacturing clients. The company was spun off from Ford in 2000. After going through chapter 11 bankruptcy during the financial crisis, it returned to the market in 2011. The stock traded at an all-time high above $120 per share back in January 2016, but was punished badly after an earnings miss from 2015 Q4. Asset management firm Third Avenue gained 19% on the stock last quarter and is up 11% year-to-date. For anyone who keeps tabs on the automotive market, you will note that this is vastly better performance than the mainstream car manufacturers, such as General Motors (GM) and Ford (F), which have had unsteady performance. At its current market price of $73.47 leading into the week, I wanted to provide my own valuation analysis soon to follow in subsequent posts.