A friend of mine tipped me off to this company a few weeks ago. Nice breakout today. Expecting new 52-high around the corner. I’m adding this to priority list. I don’t know much about this company, other than it sells $2,000 cars in India…. cheaper than the warranty on my car. Sounds great for a recession company. Although it’s a foreign play, I’m adding it to my special subset of “cheap consumer companies” like Ross Stores, Inc. [[rost]] ad Dollar Tree, Inc. [[DLTR]] . Right now, it’s tough to bet against them. I just found out one of my close friends gets 10% off at Ross on Tuesdays. Time to shop for socks. Win! Anyway, I think TATA is connected with Jaguars and Rovers (?), not sure, you tell me. But let’s talk about demand… in order for them to sell these cars in India, they needed to do so by lottery. LOL! Now let’s see, how do we sell cars in America?… “cash for clunkers.” In the scope of economics, you tell me who has more power- the suppliers or the demand consumers. The answer to that will tell you a lot about potential revenues.
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btw, the ticker is TTM, not TATA… although, TATA would be more fun.
It’s called the Nano. Tata’s Nano. LOL
http://investingcrunch.com/2009/08/tata-nano-the-worlds-cheapest-car/
Read article that Tata did purchase Jaguar Land Rover.
BTW, just now when I did a search on Google Finance to find this info, a link of your blog post comes up, which is pretty cool.
Chanci – I noticed that a couple of weeks ago. iBankCoin pages are up on google very quickly. One annoying think is that the recent comments are being indexed and screw up the ability to find older stuff.
Wow, that’s good. huge google fan. (thnx J!)
FYI – I read when the nano came out that they make something like $10 per car sold.
10 * 1,000,000,000 = $10 Billion. Nothing wrong wit dat.
Gio thank you for putting CFSG on my radar, banking some coin there
WOW, nice run today. nearly +10%
Tata doesn’t just sell cheep cars in india. They’ve had the african continent locked up as far as big rig trucks for ever.
TTM is huge. look at their marketcap. over 6 bil. i like the aggressive market penetration by a company that makes Cats and Rovers.