The market is likely to be reassured that management is now putting firmer parameters around 2006 performance.
More Quotes from Himanshu Patel:
While tire pricing remains strong, high raw material prices and potentially weak high-margin markets (North American and European replacement truck tire markets) could provide offsets.Himanshu Patel
We see a 2 billion cash injection as meaningful, even in light of GM's robust corporate liquidity. This sale was largely unanticipated by the market.
Himanshu Patel
Beyond guidance for favorable structural cost performance in 2006, and details on material cost savings goals, no specific guidance on the extent or cadence of structural cost savings was given. In addition, the company offered only limited details on the timing of plant actions.
Himanshu Patel
We continue to believe TRW should benefit from growth in safety content per vehicle, its diverse content profile, and aggressive cost management.
Himanshu Patel
While fundamentals are admittedly weak, given the stock's weak recent performance, we are reluctant to get incrementally bearish, particularly ahead of a potential restructuring announcement.
Himanshu Patel
One of the likely sticking points in the pending sale of GMAC may well be resolution on Delphi, further emphasizing GM's interest in avoiding a labor dispute.
Himanshu Patel
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