bearish
Denso's Big Multi-Year Toyota Industries (6201) Selldown
1.2k Views31 Mar 2024 06:05
Denso on Friday announced a multi-year selldown of Toyota Industries shares - 9% of the stock over 10 quarters. There will be more cross-holder selling, and 6201 is not as cheap as people think it is.
Boomeranged on Thu, 25 Apr 2024 19:39
Toyota Inds got sold on news of Denso's selldown. It's 6-7% of ADV for 2.5yrs so reasonable to expect heaviness. But while forward EPS ratios haven't moved, Price Ratios vs Toyota/Peers have bounced hard (charts in Discussion Points).
Earnings out Friday 26Apr 11:40am. Expectations look strong. I might expect a buyback and cross-holding reduction plan but there's only so much they can do.
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