CMC is a cyclical...but its a stock to watch in 2011...its top of my list....

That's one stock I can't touch.

It was in a good ride until 31 percent drop in profits was announced. I bought after they sold Passat to GOK. Why drop in profit with that deal?.

@ speculator ,i equally thot that the passat deal would impact their profits.Last yr was a tough year for auto dealers as most of them saw a decrease in sales due to recession.Motor industry is cyclical as somebody has pointed out.
As the economy peaks,it could be a turning point for the stock.

@ all
I loved CMC in years past despite the fact that I sold just before the price explosion that resulted in the split.
In the recent past CMC has hsd opportunities to do "potentialy lucrative" deals - over 100 tractors to ADC fundend by UNDP and the recent Passats to GOK. However they dont seem to watch their margins when doing such deals rather they are more keen on undercutting the competition. Granted such big deals would warrant huge price concessions. What I do not agree with is selling at cost expecting to make money from the after market when we have spare part shops mushrooming everywhere.