{"id":311337,"date":"2010-02-12T07:44:00","date_gmt":"2010-02-12T12:44:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/goldmand-forget-the-hysteria-toyota-will-recovers-from-the-recall-disaster-12-02-2010"},"modified":"2010-02-12T07:44:00","modified_gmt":"2010-02-12T12:44:00","slug":"goldman-toyota-will-recover-from-the-recall-disaster-just-like-ford-and-honda-did","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/311337","title":{"rendered":"Goldman: Toyota Will Recover From The Recall Disaster Just Like Ford And Honda Did"},"content":{"rendered":"<p>&nbsp;<\/p>\n<div style=\"float: left; padding: 15px 15px 15px 0;\">\n<script type=\"text\/javascript\">\/\/ <![CDATA[\ntweetmeme_source = 'moneygame'; tweetmeme_service = 'bit.ly';\n\/\/ ]]><\/script><br \/>\n<script src=\"http:\/\/tweetmeme.com\/i\/scripts\/button.js\" type=\"text\/javascript\"><\/script>\n<\/div>\n<p>In a February auto industry presentation, Goldman shows how both Ford and Honda once had nasty recalls of their own in the past, yet recovered.<\/p>\n<p>&nbsp;<\/p>\n<p>Thus Toyota, in the long run, is likely to do so as well &#8212; it just might take a few years for both market share and the stock to fully recover:<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4b75465a0000000000fe487d-550-\/chart.png\" border=\"0\" alt=\"Chart\" width=\"550\" \/><\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4b7546750000000000989dc2\/chart.png\" border=\"0\" alt=\"Chart\" width=\"550\" \/><\/p>\n<p>At some point the stock is cheap. Toyota is trading at a low Price to Book (P\/B) ratio according to Goldman, even going back as far as 1995:<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4b7542fd00000000000d7bd9\/chart.gif\" border=\"0\" alt=\"chart\" \/><\/p>\n<p>Still, we&#8217;d point out that Toyota his a much lower Price to Book during March 2009, when markets hit their recent lows. While it looks relatively small on the chart shown here, it equates to Toyota ADR shares&#8217; 52-week low being near $57 vs. $76 now. Thus while media pessimism may seem substantial, Toyota shares aren&#8217;t exactly in crisis mode. They might be cheap, but they don&#8217;t look <em>deeply<\/em> oversold at all.<\/p>\n<p><em>The author does not own shares in Toyota.<\/em><\/p>\n<p><em>Add my twitter for a filter of analysis-only like this: @vincefernando<br \/><\/em><\/p>\n<p><em>(Via Goldman Sachs, Global Auto Industry Update Presentation, February 2010)<\/em><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/goldmand-forget-the-hysteria-toyota-will-recovers-from-the-recall-disaster-12-02-2010#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/former-toyota-lawyer-cant-release-documents-2010-2\">Former Toyota Lawyer Can&#8217;t Release Documents<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/new-toyota-fear-nyc-garages-have-started-to-turn-away-toyotas-2010-2\">NEW TOYOTA FEAR: NYC Garages Have Started To Turn Away Toyotas<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/unsafe-at-any-emissions-toyota-set-to-announce-massive-2010-prius-recall-2010-2\">Unsafe At Any Emissions: Toyota Set To Announce Massive 2010 Prius Recall<\/a><\/li>\n<\/ul>\n<p><a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/YbaHYFQA9NRcjTOZKDJM4ZCAnFM\/0\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/YbaHYFQA9NRcjTOZKDJM4ZCAnFM\/0\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><br \/>\n<a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/YbaHYFQA9NRcjTOZKDJM4ZCAnFM\/1\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/YbaHYFQA9NRcjTOZKDJM4ZCAnFM\/1\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?a=fFLfiFZcM24:7CvEQ3xpYRU:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?a=fFLfiFZcM24:7CvEQ3xpYRU:F7zBnMyn0Lo\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?i=fFLfiFZcM24:7CvEQ3xpYRU:F7zBnMyn0Lo\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?a=fFLfiFZcM24:7CvEQ3xpYRU:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?i=fFLfiFZcM24:7CvEQ3xpYRU:V_sGLiPBpWU\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?a=fFLfiFZcM24:7CvEQ3xpYRU:qj6IDK7rITs\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?d=qj6IDK7rITs\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?a=fFLfiFZcM24:7CvEQ3xpYRU:gIN9vFwOqvQ\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?i=fFLfiFZcM24:7CvEQ3xpYRU:gIN9vFwOqvQ\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/greensheet\/~4\/fFLfiFZcM24\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; In a February auto industry presentation, Goldman shows how both Ford and Honda once had nasty recalls of their own in the past, yet recovered. &nbsp; Thus Toyota, in the long run, is likely to do so as well &#8212; it just might take a few years for both market share and the stock [&hellip;]<\/p>\n","protected":false},"author":809,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-311337","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/311337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/809"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=311337"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/311337\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=311337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=311337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=311337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}