Volkswagen's market cap tops Toyota...
10-07-2008, 10:57 AM
#1
Volkswagen's market cap tops Toyota...
Yesterday's decline in Toyota's share price, coupled with VW's stock being in play, catapulted VW's market cap above Toyota's.
Porsche's investment, and hedge fund plays, are responsible for the significant growth in VW's share price.<ul><li><a href="http://www.reuters.com/article/rbssAutoTruckManufacturers/idUSL723019620081007">Porsche knows best...</a></li></ul>
Porsche's investment, and hedge fund plays, are responsible for the significant growth in VW's share price.<ul><li><a href="http://www.reuters.com/article/rbssAutoTruckManufacturers/idUSL723019620081007">Porsche knows best...</a></li></ul>
10-08-2008, 07:24 AM
#3
More commentary than investment advice...
VW is the third largest automaker in terms of sales volumes, and now the largest, in terms of market capitalization.
It is probably in a better position than most in the U.S. market to weather a sales slow down. Brazil, Russia, India, and China ("BRIC") are high growth markets that will be marginally impacted by the credit market seizure in North America and Europe.
It is probably in a better position than most in the U.S. market to weather a sales slow down. Brazil, Russia, India, and China ("BRIC") are high growth markets that will be marginally impacted by the credit market seizure in North America and Europe.
10-08-2008, 07:48 AM
#5
I wouldn't call the market "cheap" at the moment...
Many segments of the World's economies are contracting, and share prices reflect discounted future free cash flows; therefore, market value of most companies is indeterminate. There is too much uncertainty in the market. The market crash of 1929 occurred after the housing market crashed.
10-08-2008, 07:53 AM
#6
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Be cautious. Very cautious. We are in for a ride we won't forget, that's for sure.
I really feel for all the people that depend on their 401k's for their somewhat soon retirement. Younger ones will be fine, but those that are almost out the door are in trouble.
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