Desperate to run down fair values - Bloomberg lends a hand
Wednesday, May 18, 2011
In a suspect story, the UTV venture in India went on an overdrive to catch Auto sales growth numbers as mindless hype breaking the lull in April with a thud between Primary and Secondary Sales. I thought it was perfectly fine if SIAM reports Primary sales and Govts report secondary sales a few thousand less. I would have at least scrapped portions of the story when the difference came out to be painfully low..reports in two large markets coming almost matched with TN showing an inventory of hardly 6000 cars.
This probably is a normaly dealer rant fed up of first sales already committed and looking to shore up their margins as price hikes come to town to battle primary article inflation and that in basic goods
Labels:


0 comments:
Post a Comment