Bill Wexler's Trading Cabana Message Board

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Non-Tech : Bill Wexler's Trading Cabana

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To: RockyBalboa who wrote (5830)	7/26/2009 9:04:49 AM
From: RockyBalboa	Read Replies (2) of 6370

The Porsche drama continues; more and more scathing articles about the inept porsche management are published in local german press. It is now contemplated that the old porsche ownership will be further diluted; by means of larger stakes for the old volkswagen owners plus a planned rights issue to the tune of 5B. Only the ongoing bull market keeps the stocks floating at current levels. For reference: porsche is quoted at 96€, volkswagen ord at 264€ and the preferreds at 57€. The proverbial chickens come home to roost.

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