This guy is a finance major at a very reputable school. We started talking about Indian stocks yesterday, and I mentioned that I owned Tata Motors (TTM). He told me that I was extremely smart for owning it.
He won't on to explain to me that the huge market for Nano's is only set to grow, and that Tata is so overwhlemed with orders right now they are subcontracting consruction of Nano's to other car manufacturers.
He went on to say that every single Indian person that is eligable to drive wants to drive a Nano, because up until this point they could only afford to own a bike; the standard vehicle ownership for Indian youth. The Nano is only twice the cost of the average bicycle in India he said!
He also mentioned that the "Nano Euro" is going to be huge in Europe; its basically the simple Nano with electronic seats, windows, etc.
I asked him about Jaguar and Land Rover, and he told me that Tata will make it work; Jaguar is an absolutely HUGE status car in India.
Good luck to all.
Please, read the following thread:
"Does Tata plan exports to US?"
by alny46 [21-Nov-09 07:17 pm]
Tata does expect to have a version of the Nano in the US ... in 2-2 1/2 years. And yes, is will be US compliant.
In all likelyhood, it will cost more than US $2,500, but it will likely remain a less expensive car in the US market.
Remember the VW Bug? At $1,995 it cost far less than other automobiles manufactured here at the time.
All my best,
Position: Long & holding
PS: I've owned shares of TTM, and have followed the company, since April 2005. Sails
some of us here need to get off our bum and start researching what the opinion of ttm is by actual people in india. What is a good way to find a newspaper or article about if what this guys friend said is true. I pray it is. I will start googling now....and you guys?
Oh yeah, and for the guy who needed to make fun of a guys spelling, I myself am QUITE EDUCATED BUT i CANT TYPE FOR SPIT. DO NOT CONFUSE THE TWO!!!!
Your friend might have said you are smart, but you should probably learn some spelling. A and O aren't even near on the keyboard.
"He told me that I was extremely smart for owning it.
He won't on to explain "
went on to explain...
If you are making money, just keep on doing that. Your illiterate boasting only reduces credibility of your posts.
Good luck to TTM longs
^Link to his post history. Just did a quick run through of his most recent posts; massive grammatical errors and inappropriate apostrophe use. Check it out for yourselves. Now back to discussing stocks.
Tata Motors Turns Profitable
* By Zacks Equity Research
* On 11:24 am EST, Monday November 30, 2009
Tata Motors (NYSE: TTM - News) returned to profitability in the second quarter of its fiscal year ended Sept. 30, 2009, helped by aggressive cost reduction measures and recovery of sales of its Jaguar and Land Rover brands in the U.K. The company posted a net income of Rs.217.8 million ($4.7 million), in sharp contrast to a loss of Rs.9.4 billion ($201.7 million) during the second quarter of last year.
I've owned TTM for 2 years. Bought my first shares around $20. Some more around $14. Then doubled down around $4. I did sell some back around $10. But I am in the black on TTM.
This company is only worth around $8 billion. Considering their market, that's unbelievebly cheap.
I believe TTM will be worth $30-40 billion dollars in 3-5 years. I probably won't sell my shares until we're approaching $40/sh. It will be several years, but I am confidant they will eventually get there.
I wouldn't necessarily buy today. I really don't need to buy any more shares anyway. This is the only auto company to own, IMHO.