April 17, 2017
Calling the Market Top
I saw the future once. I did not act, but I bet it was a good stock pick.
It was clear to me in the early 00's that Hyundai Motor Corp was poised to climb a tier and become a serious competitor. I was rather impressed with their design, and the sequence of models they were rolling out seemed well-considered. Their extended warranty addressed uncertainty customers may have held about quality and reliability. "These guys have got it together," thought 2003 me. The 2007 price was 56.70 and it is 120 today. That's not bad but not Facebook.
I'm calling "hold" or "sell" today, though:
YONGIN, South Korea -- Hyundai Motor Group's plans for green cars are a costly array of hybrids, plug-ins, pure electrics and fuel-cell vehicles for both the Hyundai and Kia brands.
I fear they are over-committing to the eco-sector. At the risk of preaching to the choir, I'm rather impressed by the muscle sector. Those who've bet on abundance have beat those who bet on scarcity.
It could change. But I am not loading up on eco-car manufacturers.Oil and Energy Posted by John Kranz at April 17, 2017 6:10 PM