Bayerische Motoren Werke, BMW (BAMXF.PK) for short, is a German luxury car manufacturer. What is it that makes this company wonderful and a great investment opportunity over such rivals as General Motors (GM), Volkswagen (VLKAF.PK), Ford (F) or Fiat (FIATY.PK)? I will try to make my case with four points below.

Firstly, BMW needs sound financials to qualify as a potential investment target. The company has delivered impressive numbers and remained profitable in the past years despite a challenging environment that has caused the competition to suffer. BMW saw 10% volume growth year-on-year in October this year with Q3 EBIT of €2bn against analyst consensus of €1.7bn ($2.2bn). This with almost 10% EBIT margin.

Current P/E stands at 9.11, whereas S&P forecasts FY13 forward P/E as 7.4, as of November 6th. 52-week stock price has varied between €49.42 ($63.90) and €73.95 ($95.6). At the time of writing the stock stands

So, there's a new global leader in stainless steel in the making. Yet all this seems to have gone unnoticed at Seeking Alpha. Outokumpu (OUTKF.PK), the Finnish steel maker, employs around 8000 people with revenue of around €5B and €126M EBITDA (2011A). Today's market cap is €1.4B. However, the company is due to go into the red this year.

What is interesting, though, is that the company is about to purchase Inoxum from German ThyssenKrupp (TYEKF.PK) to complement Outokumpu's own general stainless, speciality stainless and ferrochrome production. Inoxum employs around 11,500 people and is thought to be a great match with Outokumpu's product portfolio.

The deal is to provide cost savings of around €350-400M p.a. and one-off cash release items worth app. €414M. In addition, the deal naturally aims at future growth, target being €150M impact on EBIT. The total employees, if the merger goes through,