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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (17838)	10/9/2003 6:27:51 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78817

Toyota just keeps coming on stronger and stronger in terms of car sales... and truck sales. If the Japanese, or others can knock off more truck sales --- as they seem to be trying to do --- they will hurt the Big Three who now depend heavily on truck sales for their profits. In terms of how to play Toyota, someone here might have a good opinion. Doesn't Marty Whitman have in his fund some company (Toyoda??) which owns a ton of Toyota shares? For me, the time to buy seems to have passed. That was in April when Toyota & Honda (and Sony) were at lows and were discussed. Sorry I couldn't see it enough to buy. I'm stuck in my old paradigm wherein I still sometimes get concerned Japanese companies are run for the benefit of Japan rather than for the benefit of stockholders. (I don't imply that that direction is bad, just that needs of country/community/employees are considered more important oftentimes (?) than making structural changes (layoffs/plant closures) to meet Wall Street's desires.) OTOH, no denying Toyota, et. al. are profitable, dynamic, hungry and aggressive competitors with many people worldwide willing to buy their stocks. (Sorry I sold NSANY couple years ago at ~$11 as its turnaround under Mssr.Ghosn started.)