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


To: Paul Senior who wrote (23750)4/16/2006 12:37:32 PM
From: Dave  Read Replies (3) | Respond to of 78672
 
Instead of the automotive manufacturers, why not consider taking a position in some suppliers such as Lear (LEA) and Superior (SUP)?



To: Paul Senior who wrote (23750)4/16/2006 3:02:48 PM
From: Madharry  Respond to of 78672
 
Its amazing to me that with all their financial clout the quality of some of these fortune 500 companies decision making has been so consistently poor. I dont see how gm survives without reorganizing a. looks like the auto supplier union are going to strike, gm is going to lose billions, wagonner gets a golden parachute and gm probably files, the bondholders end up with ownership and then gm revives with much lower contract labor. of course shareholder equity has been wiped out and the midwest gets plunged into recession or worst. there will probably be lots of unhappy retirees too. just a speculation on my part.