Seeking Alpha

Jonas » Comments » Single Comment |

  • Toyota: Undeniably Cheap Despite Industry Slump  [View article]
    Stock will likely first go to 35$ and come back by the end of 2010 to 75. As they budgetted record sales for 2008 and where faced with declined sales of -15%, their spending was through the roof. With ratings down from AAA to AA, lending money is more expensive for them. If sales for january will also be low, concerns will rise and a step back will be necessary.
    We will soon hear more bad news from them. Stock will stay in the green till friday as pension funds and live funds keep bying to fill their portfolios. After that, we will see decline in stock. Lets not forget that Toyota will never get help, and the help that is given to GM en Chrysler and Ford is actually working against them. These kind of articles are typical before stock is going down. I sold my stock yesterday as risk is to high.
    Jan 08 04:18 am |Rating: +1 -1
All Comments by Jonas »
Comments by Ticker
Jonas'
Comments Stats
9 comments
Rating: 1 (4 - 3 )