The Truth About Cars » Itay Michaeli http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Sat, 09 Aug 2014 15:56:47 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.2 The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars no The Truth About Cars editors@ttac.com editors@ttac.com (The Truth About Cars) 2006-2009 The Truth About Cars The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars » Itay Michaeli http://www.thetruthaboutcars.com/wp-content/themes/ttac-theme/images/logo.gif http://www.thetruthaboutcars.com Analyst Who Can’t Shoot Straight Sinks Car Stocks http://www.thetruthaboutcars.com/2012/06/analyst-who-cant-shoot-straight-sinks-car-stocks/ http://www.thetruthaboutcars.com/2012/06/analyst-who-cant-shoot-straight-sinks-car-stocks/#comments Thu, 21 Jun 2012 17:53:53 +0000 http://www.thetruthaboutcars.com/?p=449747 TTAC’s advisor in cross-cultural affairs, Frau Schmitto-san, advises me that “itay” means “pain” in Japanese. Nomen est omen: Pessimistic remarks of an analyst named “Itay” sent car stocks down this morning. By mid day, Ford had dropped 19 cents, GM lost 53 cents. All because Citi analyst Itay Michaeli thinks the car market may not […]

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TTAC’s advisor in cross-cultural affairs, Frau Schmitto-san, advises me that “itay” means “pain” in Japanese. Nomen est omen: Pessimistic remarks of an analyst named “Itay” sent car stocks down this morning. By mid day, Ford had dropped 19 cents, GM lost 53 cents. All because Citi analyst Itay Michaeli thinks the car market may not be as hot as some think.

Michaeli reduced his forecast for total U.S. sales from 14.3 million to 14.1 million. He now expects only 14.5 million to be sold next year.

After checking the results of TTAC’s Grade The Analysts, it appears that Michaeli is not the sharpest shooter of the bunch. Whenever he bets, he lands near the bottom of the field. His February SAAR guess was off by 900,000 units, in May, he missed by 600,000. He was DNS in the other month.

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