David Garrity
David Garrity
auto beaten business fact federal growth interest landing looks next obviously percent raising rates recovery reserve share situation soft stocks
The fact that the Federal Reserve looks like they're out of the way, out of the business of raising interest rates for probably at least the next six-to-nine months, we look like we're going to have a soft landing in the economy, probably 4 percent GDP growth the next year. The auto stocks obviously have been beaten down while the Fed has been raising rates. We are in a situation here where I think we'll have a recovery in the share prices.
argue attractive auto change developing estimates ford general gm include management outside owning percent positive price realized research sector serve shares stock stocks value
In my view, shares of Ford would probably become more attractive if it got down to say $22, $23 a share. Although, I would argue that as long as these investigations are continuing, they'll probably serve to put a lid on the stock price performance. Other stocks in the auto sector we are more positive on include General Motors ( GM : Research , Estimates ). Also at GM, you've got a change in management -- you've got a significant outside shareholder developing in Carl Icahn, owning 30 percent in GM. There's just a lot of value to be realized in the group.
boils cash company flow investors margins profit waiting
It all boils down to when is this company going to show us better profit margins and cash flow margins? Investors are waiting patiently.
capital generate higher levels money optimize present questions return sales sorts spending time visibility
There are all sorts of questions - (from) what they're spending their money on, to what they're doing to reaccelerate sales growth, to what they're doing to try to optimize their capital investment. There's little visibility at the present time as to when these levels of spending are going to generate higher levels of return on investment.
chance contract extent negotiate outside wants
To the extent the UAW wants to negotiate a contract that all manufacturers can live with, there is an outside chance for some accommodation to be reached.
again commerce estate landing nose performance piece
Yet again Commerce One has snatched a piece of real estate from under the nose of Oracle. Oracle's performance in actually landing these (sites) has been, to date, underwhelming.
admittedly cases company eventually execution large
There are cases where the execution could be admittedly flawed. But, for a company as large as Ford, this is not to say that they won't eventually succeed.
august believe connection efforts explorer january launch overseas recall responsibility since thereby tire undermines
We believe that Ford's recall of over 46,000 Explorer SUVs overseas since August 1999 undermines Ford's efforts to place responsibility on Bridgestone/Firestone in connection with the U.S. tire recall. As a result, Ford's credibility with U.S. consumers, legislators and regulators may suffer. We are thereby threatening the January 2001 launch of the new model.
baton company credit gm hopefully internet move next passed rick seeing
I give Rick credit to try to move GM as an organization more at Internet speed. We're seeing the baton being passed from one person who made a significant contribution to someone on the same team, who is going to take the company hopefully to the next level.
business ford players truck
Historically, Ford and Navistar have been the No. 1 and No. 2 players in the medium-duty truck business. This is just a consolidation of the industry.
carries existing microsoft process product recreate risk
What Microsoft has to do, arguably, is find way to recreate itself. And unfortunately this process of recreation, if you will, potentially carries the risk with it of cannibalizing Microsoft's existing product offering.
buy capital compelling investors large reason regardless shares since split
There is no compelling reason for a split since large institutional investors have the capital to buy shares regardless of the price.
compete difficult free life
Free is very difficult to compete with. Certainly, life has become more interesting and challenging for the telecom companies.
distress honda line pick product reasonably sale time
Financially, their product line is reasonably successful. There would be no kind of distress sale as there was with Nissan and Renault. Honda can pick something in their own time and place.