So we see significant 'payback' in the stock price. |
that they are tired of all this nationalist posturing. |
The ballot this year is highly complex. We are trying to make sure that people understand the ballot. For the first time this year, it is electronically readable. |
The bottom line is we see little to no earnings growth in '06. Indeed, flat earnings may end up being a notable accomplishment, given the stresses the auto sector is facing. |
The consumer spending environment since midsummer has softened. Our initial estimate is for 2006 sales of 16.8 million units, but we expect aggressive pricing will be needed to achieve that given a weakening consumer. |
The employee discounts created a spike and now it's a case of the higher they climb, the harder they fall. |
The Joint Election Management Board has offered such a process and we urge that it be used, |
The programs were more about 'reallocating sales' than stimulating demand. |
These savings are a clear positive, but retiree liability cuts are likely to see some almost immediate offsets, from ongoing health care inflation, possible Delphi liability assumption and falling long-term rates. |
These trends keep us confident in our assumptions of sizable Ford and GM share loss in 2006. |
This is consistent with growing press speculation that potential buyers are scarce. |
Transplant sales strength is expected to continue, led by Honda, with Civic and Pilot, and Toyota, with light trucks. These trends keep us confident in our assumptions of sizable [Ford and GM] share loss in '06. |
We are not confident the restructuring addresses the core issue that GM brings too much supply to the North American market. |
We believe that GM's market share will continue to face persistent long term downward pressure, and that market pricing pressure will intensify over time, eroding GM fundamentals further. |
We concur with the Joint Election Management Board that the candidates' demand to nullify the election is unjustified, |