30 Quotes by Himanshu Patel

While none of these issues are enough to change our thesis on GM, they do raise our concerns on the company's internal accounting controls.

While fundamentals are admittedly weak, given the stock's weak recent performance, we are reluctant to get incrementally bearish, particularly ahead of a potential restructuring announcement.

We are expecting PSA to beat their forecasts and to reaffirm fairly upbeat guidance for 2003. Their key markets of Britain and France are holding up well and their market share is reasonably healthy.

While tire pricing remains strong, high raw material prices and potentially weak high-margin markets (North American and European replacement truck tire markets) could provide offsets.

We expect GM to take notable share from Ford in the full-size pickup segment in 2006 and, particularly, in 2007.

We see a $US2 billion cash injection as meaningful, even in light of GM's robust corporate liquidity. This sale was largely unanticipated by the market.

We see a $2 billion cash injection as meaningful, even in light of GM's robust corporate liquidity. This sale was largely unanticipated by the market.

Beyond guidance for favorable structural cost performance in 2006, and details on material cost savings goals, no specific guidance on the extent or cadence of structural cost savings was given. In addition, the company offered only limited details on the timing of plant actions.

Assuming $8,000 variable contribution margin/unit, we estimate this translates into an earnings-per-share hit of 1 cent for every day of lost production. However, we also note that much of this lost production could be made up via overtime production once the plants are up and running again.