Stockchase Opinions

David Burrows Volvo AB VOLAF-OTC TOP PICK Jun 07, 2004

Sees the US$ in a weakening trend. This company has very nice accelerating earnings. Benefiting from growth overseas. Economically sensitive.
$36.190

Stock price when the opinion was issued

Automotive
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BUY
Of all the auto manufactures, this one is a high quality company. Don't buy a huge position, buy a little at a time.
COMMENT
The US truck market is weakening, but the emerging market is growing. It's also a big European play.
DON'T BUY
Other car stocks have capitulated much more than that is on the anticipation that if the economy slows down and car companies will get hurt most. Getting acquired. Entry point would be around a $10 range.