ION 0.00% 93.0¢ ion limited

where's the growth??????, page-2

  1. 314 Posts.
    A few comments:

    1: Recent price increase primarily due to Harley Davison releasing record sales for 2002/2003.
    They represent about 5% of sales for ION.Therefore the price increase in my opinion is primarily due to sentiment and (2) stock will go ex div in about 6 weeks.

    Also I have it on good authority sales to Ford-North America are down about 20% this year.However you should note that previosly ION was supplying about 70%
    of Ford, that figure is now 100%.

    Therefore I dont think you you be looking for any fantanstic results this year.However next year is looking great for ION in my opinion due to.
    1: Improving situation in the US economy
    2: ION to supply wheels for new model Falcon due out in about December.

    I hold ION.


 
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