DeTomaso Mailing List: August 97, Message #282
     



From: MikeLDrew@aol.com

Subject: Re: DTOM stock

Date: Tue, 12 Aug 1997 01:19:23 -0400 (EDT)



Asa Jay wrote:



>I've found DTOM through my investment broker, but they have no additional

information on them.  The stock symbol is listed as DeTomaso Industries.

Is this our venerable marque?  If so, I was thinking it might be a good

deal to purchase some stock now, right before Monterey, and see what happens.



Anybody know anything?



>>>From what I understand, DeTomaso Industries is a U.S. holding company

(vestiges of the old Rowan connection?) which actually owns a sizeable

percentage of DeTomaso's holdings.  Italian tax laws are extremely harsh, so

to get around them, they created a U.S. company and transferred ownership

here.



I wouldn't necessarily get all excited about DeTomaso stock because of

Monterey (although what do I know about money?  NOTHING!)  The automotive

portion of DeTomaso is actually rather small; he owns all sorts of other

businesses (hotels, restaurants, various manufacturing businesses, etc.)  I

don't know if the car company falls under the U.S. holding company or is

still an Italian outfit.  Invest in DTOM and you might just be buying into a

widget maker instead of a car maker!



Some people think DeTomaso (the car company) is on the verge of a great

comeback, while others feel it's teetering on the brink of total destruction,

and sure to fall upon the death of the patriarch.  We'll just have to wait

and see...



Mike





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