My bet is profitable in 2nd quarter, 1998, with luck and not until. It is already November 14, and they are not certain about the end of the tunnel.
The new production manager must settle in, figure things out, get control of processes and personnel, and effect changes. (And, they have to let him, and not interfere.) All this, in the middle of ongoing change.
The next ITS contract will not come into production until late 1998. They need the BMW Three Series volume, in my opinion, to offset the 16G confusion. This will be, at the earliest, in mid-1998. ITS is profitable from the get-go.
Announcing another ITS contract may move the stock temporarily, but I do not think fundamental change will be permanent for another six months, at least.
My bet is Volkswagen, and announced as soon as VW will let them.
I still like and own the company, and will continue both, but last weekend, in research, I read an interview with D. Townsend in the
Arizona Republic, dated November 10 (1996), in which many of the same things were said. Deja vu all over again. <G> |
