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Technology Stocks : Toyota (TM)
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To: Constant Reader who wrote (36)8/2/2006 8:42:29 PM
From: Sam Citron   of 53
 
Would you still be a buyer of TM at this point?

Sorry for the delay in this response, CR. I just noticed it in my inbox and was out of town for a couple of weeks.

I would sooner own Toyota than almost any company I can think of. The US market is very important to TM so there would be some fallout if the US consumer goes into the toilet. But this would be a buying opportunity. I disagree with the remarks of a previous poster who suggested that Detroit's problems put a cloud over the sector. Detroit's problems are a competitive opportunity for Japan and Korea to gain market share in the American car market, as they have been doing.

I would be a buyer of Toyota at $100, and also a buyer of KF and KEF which give you a reasonable share of Hyundai (and other good companies) at a nice discount to NAV.

Sam
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