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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (18237)3/24/2004 10:22:17 AM
From: Spekulatius  Read Replies (1) of 78710
 
Bought some more BMW preferred (non voting shares) for 22.5 Euro this am. The preferred have a deep discount to the ordinary shares with the only difference being the voting right and the slightly higher dividend for the preferred. Last years earnings were about 3 Euro - i think this year BMW should be able to do better than that, with the new 5,6,7 series out. They are about to launch a compact car in Europe - the 1 series. The US$ has recovered some compared to the Euro so the pressure from exchange rates will diminish. They should be able to make 3.5 Euro's this year.

Also as an additional bonus, the dividend for last year is still included in the shares, worth around .5 Euro.
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