I'll add to my Volkswagen, VLKAY, shares as stock drops in line with drop in many euro equities today.
finance.yahoo.com
Positive article about company in recent Barron's:
"Auto stocks have been badly battered in the global financial-market maelstrom that began last month. Among them: Volkswagen, which now trades about 30% below its late-July price.
However, for the investor with a two-to-three-year horizon and a willingness to look through the clouds of another potential economic slowdown, this offers an opportunity to cheaply pick up shares of what is likely to be the world's pre-eminent car maker before the decade ends."
..."The company is the top car maker in China. Maintaining that position long-term would likely trump most short-term issues. It's a good bet that VW's global market share this year will surpass 11%, up from 10% in 2010. That compares with 9% for General Motors (GM) and 11% for Toyota Motor (TM) in 2010, reports IHS Automotive."
..."VW also trades at just 0.9 times book value, versus its historical norm of 1 to 1.5 times, says Jürgen Pieper, an auto analyst with B. Metzler seel. Sohn in Frankfurt. Moreover, the value of its stakes in Porsche, German truck maker MAN (MAGOY) and Suzuki Motor (7269.Japan)—worth a combined €10 billion or so—doesn't seem to be included in VW's €44 billion stock-market value."
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