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I'd rather have Toyota than GM. Even though US auto industry sales are at about a decade and a half low Toyota stands to gain market share right now. They are just now launching an advertising campaign to get the word out that they are offering no interest loans. Those GMAC bonds look interesting. Some yielding 100%/year. Marty Whitman says they will pay. I'm not biting though. Again, too many other easy things out there.
An interesting play on Toyota though is to purchase Toyota Industries stock instead. It's a pink sheet stock. Toyota Industries owns 200 million shares of Toyota common. That works out to about $20.87 worth of Toyota Common owned per share of Toyota Industries. Toyota Industries is selling for right about that. $20.25 last quote. Now Toyota Industries is making about 257 yen per share which is roughly $2.57. So basically you buy a share of Toyota Industries for $20 which gets you $20 of Toyota Common. Then you get the rest of the operating businesses of Toyota Industries for free. be nice if Toyota Industries would sell some of the Toyota Common and release as a dividend to unlock some of that value.
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