Why is VW share price still so strong?
Discussion
If there are any Finance people that haven't thrown themselves out of windows yet still around, can you explain to me why VW/VAG's share price is still so strong?
http://newsvote.bbc.co.uk/1/shared/fds/hi/business...
Cheers
http://newsvote.bbc.co.uk/1/shared/fds/hi/business...
Cheers
Porsche have to buy them to average down their emissions, a move that was expected to fail in the European Parliament now looks more likely to succeed:
http://www.reuters.com/article/environmentNews/idU...
http://www.reuters.com/article/environmentNews/idU...
good article on bloomberg
"With analysts forecasting profit growth will slow to 1 percent in 2009 from 17 percent this year, the Wolfsburg, Germany-based car producer's earnings outlook isn't boosting its price. Instead traders who shorted the shares on expectations they would decline on Porsche SE's bid for a majority stake were forced to close their positions, according to three people in the securities-lending business who declined to be identified. The failure of Lehman, which lent Volkswagen shares to short-sellers, probably helped trigger a so-called short-squeeze, they said."
http://www.bloomberg.com/apps/news?pid=newsarchive...
"With analysts forecasting profit growth will slow to 1 percent in 2009 from 17 percent this year, the Wolfsburg, Germany-based car producer's earnings outlook isn't boosting its price. Instead traders who shorted the shares on expectations they would decline on Porsche SE's bid for a majority stake were forced to close their positions, according to three people in the securities-lending business who declined to be identified. The failure of Lehman, which lent Volkswagen shares to short-sellers, probably helped trigger a so-called short-squeeze, they said."
http://www.bloomberg.com/apps/news?pid=newsarchive...
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