[baloo]

Infighting with new owner Porsche has led many to fret over Volkswagen's future, but company officials insist the struggles are being blown out of proportion, just today releasing a statement of cooperation that appears to have put the fighting to an end. Whatever the case, the stock markets are confident the company will succeed - VW's stock briefly touched €1,005 ($1,261) yesterday, making the company the most valuable in the world at roughly €295 billion, or $369 billion, temporarily exceeding Exxon-Mobil's $343 billion market capitalization.

http://www.motorauthority.com/volkswagen-takes-toyotas-spot-as-worlds-most-valuable-carmaker.html

 

[Bvonscott]

Someone who had stock before this porsche takeover deal just got incredibly rich.

 

[t-rex]

VW stock alone kept the DAX from plummeting ...

 

[zete]

Unbelievable.

And once reality sets in, this sucker's going to go down big time. It'll lose 70 - 80% of its value in the coming months as this price (and cap) is unsustainable.

 

[mgescuro]

why is their stock so high?? :blink:

Edit:

Woooah... NICE interior...

 

[johnny smallblock]

$1261?!? That's a one way ticket to crazy town man!

You'd have to be smoking something pretty strong to buy stock at that price.

 

[zete]

Well, one way to look at this is that VW got their wish: they are bigger than Toyota! At least in market cap.

 

[skylark68]

My question is....Why?

Perceived value sure is a lot different from actual value.

 

[BigThreeForever]

Dr Ferdinand Piech . . . what hast thou wrought?

 

[BigThreeForever]

So . . . today, the VW conglomerate was worth over 60 TIMES WHAT GM IS.

Maybe VW should simply buy GM outright.

What a portfolio . . . think of it . . . Volkswagen, Audi, SEAT, Skoda, Bentley, Lamborghini, Bugatti, Chevrolet, Pontiac, Buick, Cadillac, GMC, Saturn, Hummer, Opel/Vauxhall, SAAB, GM-DAT and Holden.

VW would be a better owner than the Japanese, Koreans, Chinese or Indians. That's for damn sure. . . plus the kudos of Porsche being in ultimate control.

Maybe they'll revive Oldsmobile . . . . well, they did bring Bugatti back from the history books.

VW uber alles! Heute Wolfsburg, morgen Die Welt!

 

[vanshmack]

The shorts just took it in the shorts!

 

[AMERICA 123]

Someone who had stock before this porsche takeover deal just got incredibly rich.

Well, not the most impressive in this weird and fluky story but 2 years ago (Oct2006) you could get all you wanted at approx 120 -125$.

You don't see this very often - no matter what.

VOLKSWAGEN
(Swiss: VW.SW)
Last Trade: 1,275.00
Trade Time: 12:30PM ET
Change: Up 584.50 (84.65%)
Prev Close: 690.50
Open: 680.00
Bid: 1,275.00
Ask: 1,300.00
1y Target Est: N/A
Day's Range: 680.00 - 1,420.00
52wk Range: 225.00 - 900.00
Volume: 80,968
Avg Vol (3m): 3,282.26
Market Cap: N/A
P/E (ttm): N/A
EPS (ttm): N/A
Div & Yield: N/A (N/A)

 

[AMERICA 123]

The shorts just took it in the shorts!

Oh yea...... time for a cane - no need for a chair......... and there may be a little more to go.

 

[johnstarnes]

$1261?!? That's a one way ticket to crazy town man!

You'd have to be smoking something pretty strong to buy stock at that price.

I nominate this as best post of the year.....hilarious!

 

[johnnyl321]

[

VW uber alles! Heute Wolfsburg, morgen Die Welt!
[/QUOTE]

good one. did you know one of the original founders of VW was Adolf Hitler?

 

[kenman923]

Wow. I knew that VW was improving, but I didn't think it was that much.

 

[Sinner]

How is this the most valuable company? What happened to the trillion dollar Chinese oil company???

 

[s113]

How is this the most valuable company? What happened to the trillion dollar Chinese oil company???

You'd have to think that the oil company's shares sank along with the price of oil.

 

[Steel4ring]

Now that is what I call "Farfegnugen" !!!

 

[big swede]

I nominate this as best post of the year.....hilarious!

x2 That was hilarious. I like his steering wheel also. That must go good with a front-end collision and a lap belt. ouch!!