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Toyota Motor Corporation Message Board

  • nivlem98 nivlem98 Sep 18, 1998 6:10 PM Flag

    TOYOY NYSE Listing

    Last year talk was of Toyota (TOYOY) to be listed on the NYSE in '99. Has anyone heard anything new on this? Any info on Toyota would be helpful.

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    • Last year I read an article in the Wall Street
      Journal to the effect that Toyota was planning to be
      listed on the NYSE. Unfortunately, nothing has
      transpired. I contacted friend Bill Plourde, Senior Vice
      President Legal Affairs to determine if Toyota planned to
      be listed on the NYSE. (Bill has been with Toyota
      for over 20 years as legal counsel and has beent
      promoted to SVP Legal Affairs) Bill indicated that Toyota
      has decided not to pursue a NYSE listing because they
      would have to adopt new accounting standards to comply
      with the SEC He further indicated that because of
      Toyota's tremendous cash position and low level of debt
      that Toyota is not dependent upon capital from U.S.
      markets and accordingly, a NYSE listing is not a
      priority.

      I told Plourde that Toyota is foolish not
      to be listed on the NYSE. A company of Toyota's
      stature needs to be listed on the NYSE. Individual
      investors are loyal to the companies in which they invest.
      For instance my father had a long term investment in
      GM and always bought GM cars. Toyota is missing out
      on an important and loyal customer base by not being
      listed on the NYSE. Sony is listed on the NYSE and
      yesterday 160,000+ shares were traded while only 4400
      Toyota ADRs were traded. The individuals buying Sony
      stock are also buyinig Sony's products. If Toyota were
      listed on the NYSE, Toyota would be selling even more
      cars than it is selling today.

      I wrote James
      Olsen, Senior Vice President External Affairs, Toyota
      Motor Sales USA, inc. 19001 South Western Avenue,
      Torrance, CA 90509 regarding my strong opinion that Toyota
      needs to be listed on the NYSE. I mailed the letter
      yesterday. If you email me (jbwatson@rmi.net) your surface
      address I will send you a copy of the letter. I am hoping
      you will write him also.

      Toyota, in my
      opinion is the number one corporation in the world
      because of its long term approach to business,
      outstanding product and incredible cash position. I have been
      accumulating shares over the past seven years to the point
      where I have a significant investment in the company.
      Toyota should definately pursue a listing on the NYSE.

    • Last year I read an article in the Wall Street
      Journal to the effect that Toyota was planning to be
      listed on the NYSE. Unfortunately, nothing has
      transpired. I contacted friend Bill Plourde, Senior Vice
      President Legal Affairs to determine if Toyota planned to
      be listed on the NYSE. (Bill has been with Toyota
      for over 23 years as legal counsel and was just
      promoted to SVP Legal Affairs) Bill indicated that Toyota
      has decided not to pursue a NYSE listing because they
      would have to adopt new accounting standards to comply
      with the SEC He further indicated that because of
      Toyota's tremendous cash position and low level of debt
      that Toyota is not dependent upon capital from U.S.
      markets..

      I told Plourde that Toyota is foolish not
      to be listed on the NYSE. A company of Toyota's
      stature needs to be listed on the NYSE. Individual
      investors are loyal to the companies in which they invest.
      For instance my father had a long term investment in
      GM and always bought GM cars. Toyota is missing out
      on an important and loyal customer base by not being
      listed on the NYSE. Sony is listed on the NYSE and
      yesterday 160,000+ shares were traded while only 4400
      Toyota ADRs were traded. The individuals buying Sony
      stock are also buyinig Sony's products. If Toyota were
      listed on the NYSE, Toyota would be selling even more
      cars than it is selling today.

      Bill Plourde
      agreed with my comments and asked me to write James
      Olsen, Senior Vice President External Affairs, Toyota
      Motor Sales USA, inc. 19001 South Western Avenue,
      Torrance, CA 90509. I mailed the letter yesterday. If you
      email me (jbwatson@rmi.net) your surface address I will
      send you a copy of the letter. I am hoping you will
      write him also.

      Toyota, in my opinion is the
      number one corporation in the world because of its long
      term approach to business, outstanding product and
      incredible cash position. I have been accumulating shares
      over the past seven years to the point where I have a
      significant investment in the company. Toyota should
      definately pursue a listing on the NYSE.

    • The baby has been thrown out with the bathwater.
      The problem in Japan and Asia consists of a credit
      crunch. Toyota on the other hand, has a great cash
      position - they are not plagued with the problems
      associated with the credit crunch in asia other than a drop
      in demand at home. Toyota's sales are up 48%. The
      shares are a bargain and you are investing in one of the
      few companies in the world with a true long run
      approach. A great security to accumulate and hold for the
      long run.

 
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