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Smart Car Comes to America |
December sales were down around 4 percent, which would bring the full-year total for U.S. auto sales to 16 million vehicles, the lowest volume since 1998.
Alan Brochstein reporting for Seeking Alpha said "I think that Auto/Truck sales will be absolutely horrible in 2008 after just a bad year in 2007."
He tells us in his article "8 Balance Sheet Accidents Waiting to Happen "
"I think that Auto/Truck sales will be absolutely horrible in 2008 after just a bad year in 2007. Penske (PAG) is more expensive than its peers, perhaps due to its higher non-US exposure or to its exclusive marketing agreement for the Smart Fortwo that will be delivered soon. This industry is truly a "roll-up", with all of the traditional bad stuff that comes along. I expect to see this stock trade to 13 at a minimum."
Alan Brochstein , CFA has worked in the securities industry for over 21 years. He founded AB Analytical Services in 2007 in order to provide research and consulting to smaller registered investment advisors. Prior to that, he was a principal and analyst/portfolio manager at Piedra Capital, which manages over $500mm for individuals and institutions.
While he is a generalist, his expertise is most evident in the Healthcare and Technology sectors. He is particularly devoted to the process of screening and takes pride in his ability to analyze companies from both a fundamental and technical perspective.
Source: Seeking Alpha
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Smart Car Comes to America 
