Word: casesa
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
Even in the diverse global economy of today, the car business is cyclical. At the moment we're in a boom. The trick is to sell before the bust. "The time to buy auto stocks is when times are bad but not getting worse," notes Merrill Lynch analyst John Casesa. "The time to sell is when times are good but not getting better." Billionaire Kirk Kerkorian showed us the way. He was buying Chrysler at $10 in 1991, when the company was on its back. His $1.5 billion investment is worth more than $5 billion...
...turn in record earnings this year. In the third quarter, profits climbed 64%, to $1.13 billion, and so far through the first nine months of 1997, the automaker has earned more than $5.1 billion on revenues of $112 billion. "Overall, the company is in good shape," says John Casesa, an analyst with Schroder Wertheim in New York City. "The family is happy with what it sees. The company is flush with cash, and there is a feeling that Ford is starting to reassert its leadership in the industry...
...sports car (price: $50,000), due by December. Next will come a new Jeep in January and a line of sleek, mid-size sedans, code-named LH, in the summer of 1992. Such offerings have persuaded some experts that the company will scrape through its latest crisis. Says John Casesa, who follows the company for the securities firm Wertheim Schroder & Co. in Manhattan: "I think Chrysler's going to make...