Quote:
Originally Posted by Vince@MSperfab
I think this down turn will be short lived since heads are getting chopped and Porsche will take the leads for some time. It will drop further as soon as the news comes out on how many vehicles were affected and who was involved. Just this morning they reported that cars overseas had "issues" too.
Good buying long term opportunity sure. Typical over reaction, reaction then recovery cycle with a scandal. For me im a chicken chit investor, I avoid the auto industry because there are so many outside influences that can "modify" the prices.
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Autos and houses are "CYCLICALS" == they're boom and bust... I've always avoided both of these. The unions strike -- the sales lead changes depending on who has what car (take the Mustang outselling the Camaro with the latest model)... Like Vince -- I see this as a major misstep as far as management goes -- but that should be shaken to the core... and a company like this should be able to recover. Many Mia culpas... will be offered -- fines paid -- lawsuits settled... and two years from now you'll have forgotten all about this little fiasco (hopefully).