Agent009 submitted on 8/25/2010 Auto Spies Photos Timestamp: 12:31:21 PM
Views : 6,029 | Category: Misc News | Source: | SOURCE: www.thetruthaboutcars.com
Psssst! Want to buy Japanese car makers below book value? Now is the time. Spooked by the strong Japanese Yen, stocks of export-heavy Japanese automakers such as Toyota and Suzuki can be had for less than the assets on the books. Toyota can be bought at a price to book ratio of 0.99. Suzuki is a bargain at 0.94. Mazda Motor, Sony, and Sharp can be had for less than they are worth. The reason? An obscenely strong Yen that is at its highest level in 15 years. (Please remind to shove worthless dollar bills down the throats of any foreign exchange challenged people who still claim that the Yen is artificially low.) But there are also “growing concerns about an economic slowdown abroad.” And you know who they mean with that. 2011 Hyundai Equus Photo Gallery2011 Mercedes-Benz CLS Photo Gallery2011 Ford Edge Crossover Photo GalleryConcours D'Elegance Monterey 2010 Photo GalleryConcours Weekend Monterey 2010 Photo GalleryAutoSpies.com Photo GalleriesIf you want to see your photos running on our homepage photo ticker, be sure to upload your photos on the go by sending them to Mobile@AutoSpies.com Share on FacebookRead Article
Psssst! Want to buy Japanese car makers below book value? Now is the time. Spooked by the strong Japanese Yen, stocks of export-heavy Japanese automakers such as Toyota and Suzuki can be had for less than the assets on the books.
Toyota can be bought at a price to book ratio of 0.99. Suzuki is a bargain at 0.94. Mazda Motor, Sony, and Sharp can be had for less than they are worth. The reason? An obscenely strong Yen that is at its highest level in 15 years. (Please remind to shove worthless dollar bills down the throats of any foreign exchange challenged people who still claim that the Yen is artificially low.) But there are also “growing concerns about an economic slowdown abroad.” And you know who they mean with that. 2011 Hyundai Equus Photo Gallery2011 Mercedes-Benz CLS Photo Gallery2011 Ford Edge Crossover Photo GalleryConcours D'Elegance Monterey 2010 Photo GalleryConcours Weekend Monterey 2010 Photo GalleryAutoSpies.com Photo GalleriesIf you want to see your photos running on our homepage photo ticker, be sure to upload your photos on the go by sending them to Mobile@AutoSpies.com Share on Facebook
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"Normal is an illusion. What's normal for the spider is chaos for the fly."— Agent009 (View Profile)
"Normal is an illusion. What's normal for the spider is chaos for the fly."
— Agent009 (View Profile)
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