Toyota reported its first-quarter profits this week, and they were excellent: a strong $3.17 billion, thanks to big sales in Japan and continued strength here in the United States.
But the Japanese giant made even bigger news when it announced its expectations for the year to come: a huge increase in its already-big profits. In this video, Fool contributor John Rosevear breaks down Toyota's great result and explains why he thinks Toyota's prediction of aÂ massive profit surge might actually be conservative.
Toyota's stock has had a strong run over the last few months, but is the stock still a buy at current prices? John has teamed up with industrials bureau chief Isaac Pino to create some of the most in-depth Toyota research available for smart investors like you. Thousands have already claimed their own premium ticker coverage, and you can gain instant access to your own by clicking here now.
Copyright © 2009 The Motley Fool, LLC. All rights reserved.