Short: TATA MOTORS
TTM - down 10 percent today. I’ve been shorting this since 25 - I’m sorry I didn’t tell you guys about it sooner. This company is way overvalued. Their version of the model T, the tata nano, is a non-starter but we haven’t figured this out yet in the West. I can tell you, nobody wants this thing. The company is valued about as much as GM and F combined (around 70billion.. though less by the minute) and nearly as much as so called “good” car companies. It’s a dog. Still way more delicious downside here. Oh and it’s good for the short India play which I can tell you is a solid bet. They are in a very crowded industry which is getting more competitive by the day. They now get to compete with every european car company which have all opened up factories here in India. . Lights out PUSSIES!
This company sucks. I have no idea why they aren’t more profitable. Their management obviously needs a kick in their ass, which Carl Icahn, an investor could theoretically do if he weren’t trying to fix chesapeke. However, the stock is dirt cheap because they haven’t made any money lately. The good news is that they own the best video game in the world, GRAND THEFT AUTO. GTA5 is coming out, sometime in the next 12 months. Hopefully before Christmas. I bought a PS3 only to play GTA4. I think its that good. They also do a bunch of other awesome games (RED DEAD REDEMPTION, Borderlands, and other stuff that I don’t play). In their footnotes they have a bunch of shit about their product pipepline. 2013 is gonna be a big year for them based on this. I wanna buy before the hype. They have been delaying a lot lately, so i wouldn’t be surprised if that persisted.
I have no position, but I think I’ll put one in once I get a better idea about the GTA5 release. No Rush, but I think this one could pop. At its currenty price I wouldn’t be surprised if someone took them out. If this company were actually run properly it would be pretty profitable. The games probably wouldn’t be as good though.