Quotes by Nicholas LoBaccaro

“Clearly Saturn has challenges given that they produce a product that is very old, in a segment that is shrinking and very competitive.”

“Its definitely positive news. The amount is more than most people thought it would be when it took place, and most people didnt think it would happen now in any case.”

“It seems like he has stakes in a lot of companies. Sometimes hes very active. Sometimes hes passive. Federal Mogul is a company hes been putting money into, and it hasnt helped the stock price.”

“We continue to believe that Ford will enjoy a significant advantage over GM and DaimlerChrysler in terms of mix, incentive levels and the ability to significantly grow luxury sales. Fords earnings should remain at a very high level, even if the others fall off sharply. Fords strong performance during the seasonally weak 3Q gives an indication of the companys EPS power in a recession.”

“We continue to believe that Ford is fundamentally a much stronger company than GM and DaimlerChrysler, which is obvious from a comparison of each companys third-quarter performance.”

“I dont know if theyre chomping at the bit to unlock the value of Hughes any time soon. If look at the way the stock fell from 94 in April, you see that without Hughes being center of attention, the auto business gets almost no value on Wall Street.”