Sportgamma Posted October 24, 2013 Share Posted October 24, 2013 Greenwood: Link to comment Share on other sites More sharing options...
phil_Buffett Posted October 24, 2013 Share Posted October 24, 2013 Greenwood: thank you sportgamma for the link :) Link to comment Share on other sites More sharing options...
mankap Posted October 25, 2013 Share Posted October 25, 2013 Today Ford called a bottom in European car market. That bodes well for Fiat's European operation. I am eager to see the results of Fiat's Europe operations. Link to comment Share on other sites More sharing options...
nikhil25 Posted October 25, 2013 Share Posted October 25, 2013 Are you guys buying FIATY on OTC or F.MI. :), any difference?. Thanks Could someone please shed some light on this? Thanks so much! Link to comment Share on other sites More sharing options...
fareastwarriors Posted October 28, 2013 Share Posted October 28, 2013 http://online.wsj.com/news/articles/SB10001424052702304682504579154023194854250 As Chrysler Weighs an IPO, Investors Are Anxious for Data Auto Maker's Debt and Spending Remain High; Earnings Out Wednesday Link to comment Share on other sites More sharing options...
phil_Buffett Posted October 28, 2013 Share Posted October 28, 2013 down over 4% today Link to comment Share on other sites More sharing options...
LC Posted October 28, 2013 Author Share Posted October 28, 2013 Are you guys buying FIATY on OTC or F.MI. :), any difference?. Thanks Could someone please shed some light on this? Thanks so much! I am buying the ADR...not sure if there is much of a difference! I assume it's down today as investors get squemish regarding the trial delay and the uncertainty regarding the Chrysler IPO Link to comment Share on other sites More sharing options...
Ian L Posted October 28, 2013 Share Posted October 28, 2013 I have bought a few today too. It could be related to the well publicised expectation of missing the Brazilian estimates. Link to comment Share on other sites More sharing options...
phil_Buffett Posted October 28, 2013 Share Posted October 28, 2013 i also bought more today. fiat is down over 10% the last days. fiat is one of the last possible Multi baggers in this high risen stock market. i like it very much Link to comment Share on other sites More sharing options...
jch548 Posted October 29, 2013 Share Posted October 29, 2013 There was a piece in the WSJ today on Chrysler. The main negatives were they had more debt than cash and their autos aren't as efficient as others with respect to mpg. They need to spend to get their vehicles up to par. I read an article earlier this month that quoted Bernstein Research saying they could get their margins up to 7 to 8% in 2015. Today's story said their margins were 4.5% in Q2. I had been trying to pin down their operating margins so I was glad to see a figure quoted. Chrysler did $65B in sales last year. If they can squeeze another 2.5% out that's $1.6B in extra ebitda annually. 65% or $1B accrues to Fiat. A six times ebitda multiple adds $6B to Fiat shares. Roughly a 60% increase to their present market cap. Link to comment Share on other sites More sharing options...
fareastwarriors Posted October 29, 2013 Share Posted October 29, 2013 Chrysler Amends IPO Filing, Highlighting Fiat Conflicts http://www.bloomberg.com/news/2013-10-28/chrysler-amends-ipo-filing-highlighting-fiat-conflicts.html Link to comment Share on other sites More sharing options...
jay21 Posted October 29, 2013 Share Posted October 29, 2013 There was a piece in the WSJ today on Chrysler. The main negatives were they had more debt than cash and their autos aren't as efficient as others with respect to mpg. They need to spend to get their vehicles up to par. I read an article earlier this month that quoted Bernstein Research saying they could get their margins up to 7 to 8% in 2015. Today's story said their margins were 4.5% in Q2. I had been trying to pin down their operating margins so I was glad to see a figure quoted. Chrysler did $65B in sales last year. If they can squeeze another 2.5% out that's $1.6B in extra ebitda annually. 65% or $1B accrues to Fiat. A six times ebitda multiple adds $6B to Fiat shares. Roughly a 60% increase to their present market cap. They file so you can check the source. Here's the 10-Q: http://www.sec.gov/Archives/edgar/data/1513153/000119312513332881/d554670d10q.htm Link to comment Share on other sites More sharing options...
fareastwarriors Posted October 29, 2013 Share Posted October 29, 2013 http://www.bloomberg.com/news/2013-10-28/marchionne-speeds-up-jeep-china-push-as-fiat-falls-flat.html Marchionne Speeds Up Jeep China Push as Fiat Falls Flat Link to comment Share on other sites More sharing options...
greatimes Posted October 30, 2013 Share Posted October 30, 2013 Earnings on 10/30/13 could be volatile. http://www.gwinvestors.com/Main/Blog/Entries/2013/10/29_F_IM__A_Messy_Quarter_Tomorrow%2C_Who_Cares.html Link to comment Share on other sites More sharing options...
phil_Buffett Posted October 30, 2013 Share Posted October 30, 2013 http://www.fiatspa.com/en-US/media_center/FiatDocuments/2013/Ottobre/CHRYSLER_GROUP_LLC_Q3_2013_PressRelease.pdf Chrysler Q3 - guidance for full Year confirmed Link to comment Share on other sites More sharing options...
mankap Posted October 30, 2013 Share Posted October 30, 2013 Looks like market did not like the result.It is down 6% in Europe. Link to comment Share on other sites More sharing options...
phil_Buffett Posted October 30, 2013 Share Posted October 30, 2013 thank mr market i bought a lot more Link to comment Share on other sites More sharing options...
buylowersellhigh Posted October 30, 2013 Share Posted October 30, 2013 Any reason why the results aren't well received? Link to comment Share on other sites More sharing options...
phil_Buffett Posted October 30, 2013 Share Posted October 30, 2013 they lowering the guidance for full Year Results for Fiat Group. and had a lower then expected trading Profit. good for me to buy more and enjoy the stock in a few years Link to comment Share on other sites More sharing options...
Ian L Posted October 30, 2013 Share Posted October 30, 2013 It is difficult to say what was priced in and what was not. They reported worse results in North America and Brazil than a year ago (some of it caused by the weaker currencies compared to the Euro) and better results in Europe, Asia, Argentina and luxury brands. Maserati had a good quarter with revenues more than double Q3 2012. Net industrial debt was 8.3 billion, compared to 6.7 billion last quarter. Link to comment Share on other sites More sharing options...
fareastwarriors Posted October 30, 2013 Share Posted October 30, 2013 http://www.bloomberg.com/news/2013-10-30/chrysler-quarterly-profit-increases-22-on-grand-cherokee.html Chrysler Quarterly Profit Increases 22% on Grand Cherokee Link to comment Share on other sites More sharing options...
fareastwarriors Posted October 31, 2013 Share Posted October 31, 2013 http://dealbook.nytimes.com/2013/10/30/why-chrysler-needs-an-18-billion-valuation-to-justify-an-i-p-o/ Why Chrysler Needs an $18 Billion Valuation to Justify an I.P.O. Link to comment Share on other sites More sharing options...
fareastwarriors Posted November 1, 2013 Share Posted November 1, 2013 Chrysler posts 11 percent October US sales gain http://www.cnbc.com/id/101162544 Link to comment Share on other sites More sharing options...
racemize Posted November 1, 2013 Share Posted November 1, 2013 The end of the Q&A was very interesting, particularly his talk about getting out of the mass market. Also, there's some subtext about Germany going on in the last question, and he seemed to be getting pretty heated about it. http://seekingalpha.com/article/1790552-fiats-ceo-discusses-q3-2013-results-earnings-call-transcript?part=single Link to comment Share on other sites More sharing options...
LC Posted November 2, 2013 Author Share Posted November 2, 2013 I have to say, that was a brilliant response by Marchionne about the relative factors affecting the European car business. I recommend anyone listen to the last 17 minutes of the conference call (starting @ 1hr 4min) : http://www.media-server.com/m/p/5y8x3523 Just to summarize, the problem is essentially a game of chicken. Who will be the first to cut production in Europe? Marchionne hits it on the head: the first person to do it, loses! Everyone left can absorb the incremental capacity and run their plants at a higher utilization. Therefore nobody does it. So Marchionne calls for a Euro-wide process under which all car makers do it equally, but that won't happen due to all the bloody politics that go on with an issue like that. So in the meantime, he pursues a strategy of using that excess capacity to other ends. To other regions, and to move up the ladder into luxury car production. It's the best move possible. Really a brilliant guy, I encourage again to listen to the CC. Link to comment Share on other sites More sharing options...
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