Lorne Steinberg
Nissan Motors
NSANY-OTC
COMMENT
Jan 06, 2014
When it comes to automakers, Japan has moved their production around the world to try and balance off where they make cars to where they are selling cars. They get less of a boost from a depreciating yen so that would not be a reason to buy this or any of the other Japanese automakers. However, they will all benefit, including this one, from emerging from the doldrums. There is probably some reasonable upside with this. He is looking at automakers.
Has performed well, even though the sector has been weak.When the sector starts to firm up, they should be a leader.This is a play on not only North America, but also in Europe and Asia.
M&A activity is definitely interesting. This name has been weak for a number of years. Merger should help, but probably not an investible idea. He owns Toyota.
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When it comes to automakers, Japan has moved their production around the world to try and balance off where they make cars to where they are selling cars. They get less of a boost from a depreciating yen so that would not be a reason to buy this or any of the other Japanese automakers. However, they will all benefit, including this one, from emerging from the doldrums. There is probably some reasonable upside with this. He is looking at automakers.