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Daily Archives: May 21, 2009

Poised for a Breakout

May 21, 2009
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Poised for a Breakout

Back on May 7, soon after General Motors announced that it had lost $6 billion in the first quarter, I wrote the following in Cabot Wealth Advisory: “There is, however, one auto stock that’s intriguing.  It’s Tata Motors (TTM) of India, with $9 billion in revenues over the past 12 months.  Tata acquired Jaguar last June, and we were impressed to read early this year that the top marques in the J.D. Power quality rankings were Jaguar and Buick.  And now Tata’s come out with the $2,500 Nano, a car designed for the masses of India that has the...

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