We continue to believe that a significant internal or external change could be a positive catalyst, including an acquisition or divestiture or a management change. We are maintaining our Buy (2) rating and 10 price target, and would caution investors that this is a speculative call.
More Quotes from Brett Hoselton:
Have they made significant improvements The results suggest that we're not seeing any sort of a dramatic turnaround in the organization.Brett Hoselton
They have become a one-trick pony with the commercial vehicle sales. The problem is, that pony is going on a hiatus next year.
Brett Hoselton
What you're finding in the automotive business is the products you design today affect your profitability three to four years down the road. What we are seeing today is some pretty good changes at General Motors, but nothing like that at Ford, and I think Ford is really going to be in dire straits in five to 10 years from now.
Brett Hoselton
We continue to believe that a bankruptcy filing is a low probability outcome and that the company will successfully negotiate a new bank agreement.
Brett Hoselton
I think they are being more straightforward with the costs since, given the current situation, the number can be biased a little more to the negative.
Brett Hoselton
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What we seek we shall find; what we flee from flees from us.
Ralph Waldo Emerson
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