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I'm a Honda guy myself (I've owned 10 of them and just 50) but I've also had a few Toyotas (for my daughter) and I consider the Toyota brand top-notch (and don't forget Lexus). Recent problems were highly publicized largely because of the company's previous spotless reputation and partly because they had been slow to face up to the problem.

No doubt the stock deserved to come down to reflect the hit to reputation and the costs of the recalls. But the long-term franchise still seems to me very solid. I am also looking for an entry point. I would think 60 is awful low, but I have no rationale right now for the right entry point.

Do you mind sharing how you got to $60?
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