To: Beck_isright
A correction about Porsche:
The article said a 10% raise in the Euro since last year shaved 30% off Porsche's profits.
longjack
7 posted on
05/19/2003 4:39:15 AM PDT by
longjack
To: longjack
Ouch. That means all the Euro auto makers are going to get creamed. Add the fact that they are in or close to recession and their obligation to not run deficits and defend the Euro with their central banks and that might just be a good group of ADR's to short.
8 posted on
05/19/2003 4:47:57 AM PDT by
Beck_isright
(When Senator Byrd landed on an aircraft carrier, the blacks were forced below shoveling coal...)
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