Word: analysts
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However, Frank Stronach, Magna's flamboyantly unpredictable founder and chairman, sees the acquisition of Opel as a once-in-a-lifetime opportunity to create a global car empire on which to stamp his imprint. "It's a risky deal for Magna," says auto analyst George Magliano of IHS Global Insight. "But car assembly is something they really want to do." This ambition may be too tall an order for the Austrian-born Stronach, 76, whose entire career has been marked by both spectacular successes and failures. Most recently, his dream of creating a horse-racing and gaming empire collapsed when...
...Some analysts argue Magna is making a big mistake if it acquires Ruesselsheim-based Opel and its European subsidiaries, which employ 50,000 workers, most of them in Germany. "A third of the parts companies out there are in trouble right now," says Toronto analyst Dennis DesRosiers of DesRosiers Automotive Consultants. "This is an unprecedented opportunity for Magna to build its core business...
...view such a change as evidence that Washington is finally reconsidering its confrontational war on drugs, four decades after Richard Nixon declared it. "There is a growing opinion that the use of force has simply failed to destroy the drug trade and other measures are needed," says Mexican political analyst José Antonio Crespo. "It appears that the White House may be starting to adjust its approach." (See pictures of the great American pot smoke...
...elections this year, Indian voters seem to have rejected the politics of religious polarization in favor of stability and economic growth. "Hindu nationalism worked in the 1990s, but today, it is on the margins. It goes against the popular mood," says New Delhi-based political analyst Mahesh Rangarajan. In terms of economic reforms, the BJP seems to have placed itself against a growing consensus. When in opposition, it has been an outspoken critic of the Congress party-led government's liberalization policies, seeking to speak for workers and small businesses perceived to have been disadvantaged by reforms. This marks...
...Abercrombie is having other problems. "They were the quintessential American prep brand, but the world changed on them," says Edward Yruma, an equity research analyst at KeyBanc Capital Markets. "We're living in the Gossip Girl era, where we're seeing some funkier fashions." Abercrombie's classic look went out of style, and the company is just starting to sell dresses, which have performed well. "I've noticed that my kids aren't open to anything Abercrombie these days," says one mother of two teenage girls...