Rolls is very much 'old economy' and is a very low-growth, highly cyclical business, and nothing they've done has really changed that, including the purchase of Vickers. |
Take the technology of the cycling world and combined it with the training and ability of the running world. Put it together and get an amazing sport. |
The basic argument is that after an outstanding year for industry orders in 2005, 2006 is not going to be as good. |