You may be right. This company is very small. The fact that they are willing to issue stock at such low price is telling. Top three honchos are all Indians and Indian companies have in the past misled investors. Also too much promotional appearances on television.
The good news is that they have a promoter who says that this stock will be some day a $ 20 stock.
Sentiment: Strong Sell
Yes, I agree. Our time will come. I am also in the leveraged gold miners ETF's JNUG and NUGT which makes for nice daily trades if you combine it with JDST.
Why the hell did I get into RBY? - It was one of the prime recommendations of John Doody's top 10, 3 years ago. So much for the expert's opinion. At that time it was a $ 4 stock.
And I will hang in there to $ 20 - 25. Most of the engine development work is done now it is just a matter of alliances and marketing. Diesel is better burned in a power plant and CNG better in a truck where there is smog.
You forget that such mono cultures only grown for fuel also need a lot of fertilizer and energy to cultivate the fields. After accounting for the energy required to process teh crop and turn it into biafuel the energy balance is very shaky.
The natural gas found and produced in the US is a fuel mother nature produced for us millions of years ago and except for the production costs is free and should be used while is there.
Gas engine manufacturers will make a living just like other engine manufacturers. If they get an added benefit such as lower NOx emissions so much the better. At $ 3/share you cannot go wrong. The ones who bought at $ 20 - 50/shr lost.
I thought your complaint had been why a government representative was on the board of directors of VW and I thought I clarified this. I think mixing of business with political interests is actually worse in the US because politicians depend on big business to finance their election campaigns. At least this is not necessary in Germany since each party receives funding on a pro rata basis (depending on percentage of the votes)
You not seem to know that the Land Lower Saxonia is a major shareholder of Vokswagen (I believe 20 %) so of course a major shareholder sits on the board. Yes, there is always the potential for conflict of interests when government owns companies or parts of companies and the best example for this not working is China right now. They will need to liquidate a lot of assets (including US treasuries) when the time of reckoning arrives. Then the US will also regret that so much of its public debt sits in China. The next financial crisis will be a lot worse than the one of 2008. More debt and more printing of dollars.
No I mean cars that do not kill people when you turn the ignition switch. Don't forget nobody did from higher emissions of VW's but dozens of people did from faulty ignition switches
Will send all the unemployed workers to the US so GM can finally build some decent cars.
I think it is outragous to raise so much fuss about some small Volkswagen diesel cars when every day tens of thousands of big engine diesel trucks pull into urban areas to deliver the goods to shopping malls and supermarkets. This is typical American hypocrisy, just like this argument that guns protect people. Right now I see them only kill innocent people. And yes, God help America because it is cursed when it comes to easy access to high powered guns.
No way, the US government will strip this company down to their underwear. Since it is not a US company they will show no mercy. This scandal will affect all German car makers. Since German cars are not cheap they way bought only for the image of German engineering. That image has been ruined.
You sound like somebody that writes without checking what he writes (an americans). I am actually German, only drove a VW beetle as a student and left the US in 2002 because it is too boring to live there (except for some beautiful nature in some parts)
We all have to breathe this air. You can buy bottled water but can't avoid breathing the air surrounding us unless you want to run your own air bottling plant.
Volkswagen will eventually have to declare bankruptcy and be saved by the German government (State of Lower Saxonia - 20 % share holder). US government will try to finance their deficit with German tax surplus.