Gentherm (THRM, Financial) likewise lowered its guidance for the year as heated and cooled automotive seating has not grown as quickly as anticipated. We believe penetration is still relatively low and growth should improve in this key market. We are also excited by the company’s new product that will help regulate battery temperature in hybrid cars, improving battery productive life. It’s worth noting we had trimmed both positions on previous strength and are now taking advantage of current weakness to buy back some of those shares at more reasonable valuations.
From Mairs & Power's Small Cap Fund third quarter 2016 commentary.
