Paliwal is a huge self-promoter and is unable to properly integrate his many acquisitions. The FCA contract is winding down (they are moving to Panasonic). GM will start ramping up later in the year but it will be nip and tuck as to whether or not they can pick up the slack in '16 and '17.
Pretty safe short -- the auto industry has been running too hot for too long and is due for a correction in unit volume. Look for the stock to dip to the low $40's in the next few years and Danesh to ride off into the sunset.
Current thoughts about buying HAR. You were wrong on Jan 9th, what makes you believe that now at or below 70 it's worth consideration. I've watched HAR for years, never bought, but with this pull back and the fundamentals along with the earnings report that Drilled this stock, i'm thinking I might be a buyer for 500 or so shares, but not yet convinced it's close enough to my buy point which would be about $58 to $62 share or in that range.
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unless its an absolutely huge quarter , the stock will sell off ( by end of day ) , the trend is ultra bearish for nearly a year now and especially this past two months , this despite a good quarter last time round , that makes it worse , good news cant save it , its tied to autos which are in the ditch
Look at the decline since end of October - I wrote here to sell HAR as the Insider did it - they sold more in November and December at much higher levels - not a good sign in my opinion!
Sentiment: Strong Sell
I told you to sell - Harman insider did it again and again, look at the Insider Transaction - Harman shares down nearly 30% since Oct. `15 = http://finance.yahoo.com/q/it?s=HAR+Insider+Transactions
Sentiment: Strong Sell
harman is a strong sell , its been in a bear market long before the crash of last august , let alone today , the stock rose a hell of a lot from early 2012 to early 2015 , its tide to the auto market , auto stocks are in awful shape
harman is going to the $50,s if the overal market drops another 10% , no matter what happens , harman is going to the low $70,s , a bad quarter is obviously predicted
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