David Fleer
Bristlecone Value Partners, LLC
12301 Wilshire Blvd., Suite 320
Los Angeles, CA 90025 USA
Work 1-877-806-4141

Monthly Digest – February 2012

February 13th, 2012

Halftime in America

During the recent Super Bowl, Chrysler aired an extended 2-minute commercial starring Clint Eastwood, with the tagline “Halftime in America.”  The ad paid homage to generations of resilient Americans, and drew a parallel between the U.S. auto industry’s recent resurgence and that of the broader American economy and society.  Cynics saw the commercial as a form of covert electioneering by a company which benefited from a government bailout just two years ago, but recent macroeconomic data do support the case that the U.S. economy is improving.

To start with, January U.S. auto sales were up 11% over the prior year, to the highest annualized level since May 2008 (WSJ, 2/2/12).  General Motors, only two years removed from bankruptcy restructuring, is expected to report 2011 net income in excess of $8 billion.  The company has added 13,000 jobs since emerging from bankruptcy and now hopes to be earning as much as $10 billion annually by 2013 (WSJ, 2/6/12). Read the rest of this entry »

powered by  Advisor Designs - Web Designers for Financial Advisors