Merrill Lynch Quotes
With sustainable high-teens earnings-per-share growth, no matter what the cycle, we think a market multiple significantly undervalues this excellent retailer. 
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Sustainable | High | Teens | Earnings | Share |
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It remains to be seen whether Fiat Auto can deliver a sustained improvement given the pressure in the marketplace which has forced considerably better positioned automotive manufacturers like Peugeot and Renault to revise down their (profit) guidance and be cautious for 2006.
- Merrill Lynch
However, there is a risk that less easing is in store since the 3 percent growth we expect, on average, in the first half of 2006, may not be enough to convince the Fed to start cutting rates by mid-year. Thus there is a risk that the yield curve remains inverted for longer than we have built into our forecast.
- Merrill Lynch