Tata Motors Limited (ADR) (TTM)

MENGIV (< 20) Submitted: 5/17/08 8:48 AM : Start Price: $15.59 TTM Score: -31.36

Tata Moters Limited. Who? Well you may not have heard of them yet but hold onto your hat. A car maker in India of all places? Yep and also making the cheapest car available in the world the $2500 Nano. It seats four people is only three meters long and does 65 mph. And with Indias large population and economic growth comparable to China over the next ten years it could translate into decent profits and good stock prices. But theres more. TTM bought out Jaguar - Land Rover paying about 2.3 billion for the two brand names for cheaper than Ford bought them at 2.5 million for Jaguar back in 1989 and 2.7 billion for Land Rover in 2000. Not only at a deep discount price but TTM becomes a player on the bigger interational market for luxury models. 52 wk high was 21.30 and low was 14.71 but they are moving up and now at $16.02. Tata was recently added to the Berkshire Hathawa porfolio of stocks.

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