In the midst of all the mechanical problems and recalls of Toyota (NYSE:TM) the stock has fallen over $20 USD i.e. a fall of over 20% from early-mid Jan.
Is anyone buying or planning to buy the stock?
Does anyone believe that this is only a temporary setback and Toyota will most likely emerge from this stronger and more reliable than ever?
Is this a time to load up the stock at bargain prices?
Reminds of the time when Coke stock fell after they changed the formula of "Coca Cola Classic" and the early-mid 1990s dramatic drop in all tobaco manufacturers (Phillip-Morris) in the midst of the muti-billion $ class action lawsuits.
Both Coke and the tobacco industry stock recovered after a couple of years.
This is probably just the begining of this controversy for Toyota - they may face class action lawsuits and/or fines/damages by the US administration so the stock may continue to slide further.
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
I would tend to agree, and have purchased some over the last week.
RJ
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