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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: stomper who wrote (100590)	1/10/2009 1:36:48 PM
From: TH	1 Recommendation Read Replies (1) \| Respond to of 110194

Stomper, I actually got a call later in the day from a different source and he told me that there is an article available in Europe that states JCI has forecast 9.2-9.3. I will ask my coworkers on Monday if they can forward this article to me. It is really moot which is the more accurate number, for anything in this range is going to be death for many leveraged suppliers. This past July I witnessed the fastest BK I've ever seen. All because of the American Axel strike. One major player had much too much business on GM Trucks and that strike took them from a position of strength within GM to BK in about two weeks. The survived a full three months in the spring, but GM backed out of an agreement to essentially provide a letter of intent to the supplier's bank and poof, they were gone. This created absolute chaos in the segment, but a lot of struggling suppliers got a real boost as they picked up the pieces. I expect a lot more failures as volumes decline. GT TH