Archived posting to the Leica Users Group, 2011/03/12
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]At one of our firm luncheons, one of my partners mentioned that he had invested in Tata (this was in 2009 when everything went to hell). Our office manager said you're investing in ta-ta's? Then everything went downhill. But he is happy now. Ken On 3/12/2011 9:54 AM, Lawrence Zeitlin wrote: > Jaguar is owned by Tata Motors. This from the Bloomberg Business News: > > "Tata?s 2008 acquisition of British luxury carmaker Jaguar Land Rover (JLR) > always seemed like a vanity play. The symbolism was nice ? Indian company > buys high-profile symbol of the former colonial power ? but Jaguar and its > money-losing British operation seemed like an unnecessary burden for a > company that should be focusing on the huge opportunities in its home > market. The timing of the $2.5 billion deal was awful, too, coming just > before the subprime meltdown hammered demand for high-priced luxury names > like Jaguar. Investors clearly haven?t been so concerned, though. Tata?s > ADRs are up 422% in the past year ? and that was when Jaguar was still in > the red. Now the luxury division is finally starting to make profits for > Tata thanks to cost cutting, a better product mix and a slowly improving > global economy. A slew of analysts ? including those at Morgan Stanley, > Bank > of America Merrill Lynch and Nomura ? have come out with upbeat reports > about the company following Tata Motors? quarterly earnings announcement > last week." > > As a former classic Jaguar owner (140MC), I applaud any improvement in the > marque. My Jaguar was lovely to look at, exciting to drive, but took at > least one hour of maintenance for each hour on the road. Now if we could > only get Tata to buy Leica- - -. > > Incidentally, Jasmine Tata, a niece of Ratan Tata, the chairman of the Tata > Group, was my graduate assistant at the university for several years. A > charming girl. She had eyes for my son. Too bad he wasn't interested. > > Larry Z > > _______________________________________________ > Leica Users Group. > See http://leica-users.org/mailman/listinfo/lug for more information >