Neil Murdock Nissan Motors NSANY-OTC DON'T BUY Jan 13, 2003

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.

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.